UK-headquartered IOG plc is looking forward to a phased increase to double the output at its Saturn Banks Project – Phase 1, located in the UK sector of the North Sea, after restoring the production following modifications to the terminal operated by Perenco (UK) Limited (PUK).
Last week, IOG revealed that the production at this North Sea gas project was shut-in following liquids handling issues discovered by Perenco, explaining that adrainage system deficiencywas found in two recycle compressors in the Perenco Bactonterminal’s Condensate Stabilisation Unit (CSU).
In an update on Wednesday, IOG confirmed that following a PUK modification to one of the CSU’s compressors, the production at the Saturn Banks gas project was duly restored at an initial level of approximately 30 /d on 31 May 2022.
The company also reaffirmed that the modification of the second compressor is expected to take approximately one more week to enable the production from this North Sea project to be gradually restored to its prior stabilised levels of 55-65 /d over the following weeks.
In addition, IOG emphasised that this is expected to be a gradual process to manage the high levels of liquids currently being worked through the Saturn Banks Pipeline System.
Andrew Hockey, CEO of IOG, commented: “IOG, Perenco and ODE Asset Management have collaborated well to facilitate rapid execution of the PUK terminal modification and allow our production to be resumed at 30 /d. We look forward to a phased build-up to double that level as fast as technically feasible over the coming weeks.”
The IOG-operatedSaturn Banks Project – Phase 1, which was sanctioned in October 2019, consists ofBlythe,Elgood, andSouthwarkfields in the UK Southern North Sea. The first two fields – BlytheandElgood– were brought on stream in mid-March 2022. IOG holds a 50 per cent stake in this project and its partner CalEnergy Resources holds the remaining 50 per cent.
The normally unmanned Blythe platform, connected to Saturn Banks Pipeline System that feeds into the associated Saturn Banks Reception Facilities at the Bacton terminal, is used for Blythe and Elgood production.
