Project Profile
Value: US$226.4 million
Location: 140 miles north east of Aberdeen, Central North Sea, UK
Reserves: 9 million barrels of oil
Production: 8,000 barrels of oil per day
Start-up Year: April 2013
Maersk Oil UK received FDP (Field Development Plan) approval from the Department of Energy and Climate Change for the Balloch oil field. The Balloch field is located 140 miles northeast of Aberdeen in the Central North Sea in UK. The Balloch field, which Maersk Oil holds a 100% interest in, was discovered in 2010 and is situated close to Maersk Oil UK\'s highly successful Dumbarton development. Production will initially be through one well and tied back to the Global Producer III FPSO (Floating Production Storage and Offloading facility), which currently produces oil from the Dumbarton and Lochranza fields. Kerr-McGee\'s Global Producer III previously worked on the Leadon Field, and can process 300,000 bpd of injection fluids, 70,000 bpd of oil, and 75 mmcf per day of gas.
The first well was expected to peak around 8,000 barrels of oil per day with first oil in April 2013, with a second well following soon afterwards. The total reserves from the two wells were estimated to be 9 million barrels of oil. The total investment in the two Balloch wells is expected at a level of US$226.4 million (£150 million), and potential for further development will be assessed based on the performance of the planned production well, combined with recent encouraging appraisal results.
Operators:
Maersk Oil: Operator with 100% interest