Zennor reports progress on North Sea field Finlaggan

UK independent Zennor Petroleum announced April 8 that it is making good progress in developing the Finlaggan field in the North Sea.

Zennor reports that two test wells have produced encouraging results at the project, on which the company is targeting 30mn mboe of gas condensate reserves. It also noted that it has confirmed offtake agreements on Finlaggan.

The Finlaggan development consists of two subsea production wells tied back 20km to the the ConocoPhillips-operated Britannia platform, in which Zennon bought a minor stake last year. First production from Finlaggan is expected in the fourth quarter of 2020.

Both production wells (F1 and F2) have now been successfully drilled and cased to their target depths with long and highly productive lateral sections through the Lower Cretaceous reservoirs, Zennor said in a statement.

The results from both are “very encouraging,” the company added. F1 demonstrated high quality hydrocarbon bearing sands in the northern extension of Finlaggan as prognosed, and F2 proved sand continuity over the previously interpreted fault between the southern two segments of the field.

“Zennor is delighted with the results achieved and the positive implications for reserves and productivity,” the statement reads. “Completion and clean-up operations across both wells are now under way and are expected to be finished during the current quarter.”

The company also announced that “all major Finlaggan offtake agreements” were executed in late March, in line with previously agreed commercial terms. These agreements provide for the export of Finlaggan production through Britannia facilities, the Forties Pipeline System, the SAGE Terminal and the SEGAL System.

“All aspects of the Finlaggan development project are firmly on track to deliver first production in Q4 2020 as planned,” said Zennor managing director Martin Rowe.