Total will spend $800 million on Alwyn and satellites in North Sea
Drilling Activity Details
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Drilling Activity Summary
Description
Total, based in Paris, plans to spend $800 million on E&P in Alwyn in the North Sea during the next three years, reports E&P Daily. The investment will extend Alwyn's life beyond 2020. Since first oil, Alwyn and its satellites have produced 900 million bbl. of oil. The latest addition is Jura Field, which will begin production this year and achieve a plateau rate of 45,000 bbl. a day. An appraisal is in progress at Jura, and additional wells are planned. The Alwyn area is in blocks 3/4A, 3/9A and 3/10B, about 440 kilometers northeast of Aberdeen.
Description
Total, based in Paris, plans to spend $800 million on E&P in Alwyn in the North Sea during the next three years, reports E&P Daily. The investment will extend Alwyn's life beyond 2020. Since first oil, Alwyn and its satellites have produced 900 million bbl. of oil. The latest addition is Jura Field, which will begin production this year and achieve a plateau rate of 45,000 bbl. a day. An appraisal is in progress at Jura, and additional wells are planned. The Alwyn area is in blocks 3/4A, 3/9A and 3/10B, about 440 kilometers northeast of Aberdeen.