Amid the Covid-19 pandemic the world has become more digital. Other than the prevalence of home working another obvious change includes the regular O&G industry conferences moving online!
DEVEX 2020 was held last week as a webinar series. Interesting talks were given on specific field case studies, new technologies and of course Energy Transition. As part of DEVEX, 1st Subsurface’s MD, Mike Cooper gave a presentation outlining the need for collaboration to achieve Maximise Economic Recovery on the UKCS.
The title of the talk being “So many discoveries, too few developments” looking at UK Central North Sea Blocks 30/1, 2 & 3 where there are 2 producing fields, 2 discoveries currently being developed and 9 discoveries which have not yet been sanctioned.
A high-level Hub Analysis was conducted by 1st Subsurface using the TROVE CNS KnowledgeBase revealing 15 additional prospects within the area with over 500mmboe of unrisked prospective resource, plus the over 200mmboe contingent resource from the 9 undeveloped discoveries.
The surrounding Hubs (J-Block, Shearwater, Elgin-Franklin & FPF-1) were analysed using TROVE Production Analysis showing life of field production profile plus production forecast. This analysis helps identify potential ullage and technical CoP estimates and can be conducted on any North Sea field. There are many licencees of both the Q30N discoveries and existing nearby hubs, resulting in significant commercial complexity.
A theoretical solution was proposed to unlock this prolific area. This could include a new central processing facility with tie-backs to a series of remote drill centres.
Without a collaborative development the higher-hanging fruit will not be developed with current practices. Now is the time to act.
TROVE Hub Analysis information is available here https://www.1stsom.com/hub-analysis and 1st Subsurface’s TROVE databases are available for purchase, coverage map available here https://www.1stsom.com/trove.
To make an enquiry or learn more please email info@1stsom.com.