Premier Oil has introduced that the event of its Tolmount Main fuel discipline has been sanctioned by the three way partnership and infrastructure companions.
The Premier-operated Tolmount Main fuel discipline, situated within the Southern North Sea, is predicted to supply round 500 Bcf of fuel (96 MMboe) with peak manufacturing of as much as 300 MMscfd.
The mission entails a minimal amenities platform exporting fuel to shore by way of a brand new fuel pipeline. The EPCIC (Engineering, Procurement, Construction, Installation & Commissioning) contract for the platform has been awarded to Rosetti Marino. Centrica’s Easington terminal has been chosen because the host facility and Saipem because the pipeline EPCI contractor. Selection of the rig contractor for the 4 growth wells is predicted imminently.
Premier’s share of the capex required to develop this huge fuel discipline is estimated at $120 million, comprising mission administration and growth drilling prices. The infrastructure three way partnership between Humber Gathering System Limited (a member of the CATS Management Limited group of firms) and Dana Petroleum will personal and pay for the platform and pipeline capex, in addition to pay for upgrades to the onshore terminal. In return, Premier can pay a tariff for the transportation and processing of Tolmount fuel by the infrastructure.
The Tolmount Main mission now strikes into the execution part with building works scheduled to begin later this 12 months. First Gas is focused for fourth-quarter 2020.
The companions within the Tolmount fuel discipline are Premier (50%, operator) and Dana Petroleum (50%).
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