Falklands : Falklands: FARMERS’ WEEK 2014 DAY TWO
Submitted by Falkland Islands News Network (Juanita Brock) 12.07.2014 (Article Archived on 16.08.2014)
Day two began with Fire training at the FIGAS Terminal where a thorough training session demonstrated how to put out fires using various method depending on what kind of fire it is, IE electrical or other fuel fired.
FARMERS’ WEEK 2014 DAY TWO
By J. Brock (FINN)
Day two began with Fire training at the FIGAS Terminal where a thorough training session demonstrated how to put out fires using various method depending on what kind of fire it is, IE electrical or other fuel fired. This was followed by Smoko.
Premier oil presented at Farmers’ Week on Tuesday morning and explained that it has a 60% operated interest in the Sea Lion project which requires no further appraisal work and is being progressed. The presenters went on to say that during 2013, the project team, in conjunction with consulting engineering companies, progressed a comprehensive set of studies as part of the concept selection phase to define the development plan. These studies included detailed work in areas such as met-ocean studies, facilities design (including turret design and topsides layout), flow assurance methodologies, subsea equipment layout and installation methods, reservoir studies and drilling trajectories.
They briefly explained that a phased approach to development was selected. It is envisaged that an initial northern development recovering 293 mmstb from Sea Lion using 32 wells will be followed by a southern area development tied back to the host facilities to recover the remaining reserves. The second phase of development will be optimised to incorporate any addtional exploration or appraisal success.
The team further explained that a development concept involving a tension leg platform (TLP) with an integral drilling rig has been selected as it offers a more robust and lower cost development scheme than a new build FPSO-based scheme. Work is now ongoing to optimise the design specifications for the TLP scheme and to prepare the documentation for the Front End Engineering Design phase which is expected to begin in the second quarter of 2014. A draft Field Development Plan will be submitted by the end of 2014 and project sanction is expected in Q2 2015.
Other recent developments include the June 2014, signed a rig contract and rig sharing agreement for its Falkland Islands exploration and appraisal campaign which is expected to commence in Q2 2015. The campaign will comprise of at least four wells which will test prospects to the south of Sea Lion including the potential for another Sea Lion-scale discovery at Isobel/Elaine.
This was followed by a question and answer session.
At present Premier Oil are involved in the Environmental & Social Impact Assessment Scoping Consultations of the Sea Lion Oil Field Development. As part of their Environmental and Social Impact Assessment (ESIA) Process for the upcoming Sea Lion Field development, Premier Oil held a series of meetings at the Chamber of Commerce.
Transport issues and the work of the Transport Advisory Committee were discussed in the Afternoon session, with a thorough question and answer session about road designation and the condition of roads, especially on the West. A majority feel that if roads are not up to standard they should not be designated. Other issues are the size and weight of articulated lorries meant to haul wool away over the roads and the fact that many roads are uncapped and not built for heavy vehicles.
The afternoon finished with a review of FIMCO and an explanation about how the company has operated over the past 12 months. The FIODA Variety Show took place on Tuesday evening.