French Total started up production from the Culzean gas condensate field located 230 kilometers off the coast of Aberdeen, in the U.K., the company announced on Tuesday. With a plateau production of 100,000 barrels of oil equivalent per day (boe/d), Culzean will account for around 5% of the U.K.’s gas consumption, bringing to 18% the proportion of the country’s gas demand supplied by Total.
"The Culzean project is delivered ahead of schedule and more than 10% below the initial budget, which represents Capex savings of more than $500 million," stated Arnaud Breuillac, President of Exploration and Production at Total.
"Culzean is a good example of our efforts to upgrade our portfolio in the North Sea over the last years, notably by bringing Total and Maersk Oil together. The Culzean field is located in the Central Graben area, close to the Elgin-Franklin fields, also operated by Total, thus generating synergies," he said.
Discovered in 2008 by Maersk Oil, the Culzean field has an estimated reserve between 250 and 300 million barrels of oil equivalent. The project includes the drilling of six wells, the construction of three bridge-linked platforms and of a Floating Storage and Offloading (FSO) unit. Total operates Culzean with a 49.99% participating interest, alongside BP (32%) and JX Nippon (18.01%).
(Anadolu Agency)
