Serica Energy plc welcomed a strong start to production from the Gannet GE-04 well, currently owned by its planned acquisition company Tailwind Energy Investments Ltd.
PRODUCTION RATES
Tailwind approved the combined Gannet E expansion project combined with Evelyn Phase 1 development in Q1 2021.
The company drilled the GE-04 well in late 2022 and completed it in January 2023.
Diving support vessel Deep Discoverer mobilised to the Triton area in early February to carry out the subsea tie-in of Gannet GE-04.
Serica today said that final commissioning of the well was now complete and production had started via the Triton FPSO.
The well results were “above the pre-drill expectation and initial production rates have exceeded 10,000 barrels of oil per day”.
STRONG RESULTS
Chief executive Mitch Flegg added that Serica had, including the Tailwind acquisition, an “exciting investment programme of value-adding activities throughout 2023 and 2024”.
“We are delighted with the strong initial results.
“This additional production means that the Triton hub is now producing at gross rates not seen for the last 10 years.
“This performance is a credit to the outstanding work completed by the Tailwind team,
their contractors, and Dana Petroleum (E&P) Ltd, the Triton operator.”
Serica’s acquisition of Tailwind is expected to complete in March 2023.
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