Project Profile
Value: US$96 Million
Cost of decommissioning: US$4.2 million
Location: Southern North Sea
Reserves: 2C resources of 77.4 bcf
Startup Year: 2019
The Vulcan East gas field is located towards the south of the Rotliegende gas province. Closure is provided by dip against a downthrown fault boundary. Reservoir permeability and connectivity are the main issues and the development will require the drilling of one multifracced horizontal well.
Bridge Energy contracted ADIL, an independent energy consultancy, to manage the development of the Vulcan East gas field in October 2010. The contract requires ADIL to manage all development activities for a subsea tie-back from Vulcan East to the nearby ConocoPhillips-operated Lincolnshire Offshore Gas Gathering System complex.
The field was to be developed as a subsea tieback to the LOGGS platform. In 2013 the field was estimated to contain proven and probable (2P) reserves of 80 billion scf (2.24 Bcm) of recoverable gas. In 2016 Vulcan East has a suspended well requiring decommissioning which has been independently estimated to cost £3.0 million (US$4.2 million).
Operators:
Independent Oil and Gas (through its subsidiary Oyster Petroleum Ltd) : Operator with 100% interest
Contractors:
ADIL (Asset Development & Improvement Ltd): Managing development (October 2010)