Spirit Energy to Drill New Well at the Chiswick Field
Tuesday 30 January 2018
Spirit Energy* is extending the life of one of its key North Sea fields by tapping into new reserves this year.
Spirit, one of the top independent oil and gas operators in Europe, is to drill a new well at the Chiswick field in the Southern North Sea to bring around a further 50 billion cubic feet of gas on stream.
The new well, which represents a £75million investment from Spirit, will be drilled by Noble’s Hans Deul jack-up rig, one of five rigs Spirit Energy has on hire in 2018 – accounting for 10% of the active rig market in Europe.
The Chiswick field is part of Spirit Energy’s Greater Markham Area, which also includes the Markham, Grove and Kew fields. Combined, the Greater Markham Area fields produced 23 billion cubic feet of gas net to Spirit in 2017.
The infill well at Chiswick, which first came on stream in 2007, will be the fifth well drilled in the field, and the first since 2010. The Hans Deul will start preparatory work at Chiswick in April.
*Spirit Energy was created in 2017 following the combination of Centrica’s Exploration & Production business and Bayerngas Norge AS. The business is 69%-owned by Centrica plc, with the remaining 31% owned by Bayerngas Norge’s former shareholders, led by Stadtwerke München and Bayerngas GmbH.
The independent company was formed to combine a complementary mix of producing and development assets, and creates a robust, self-financing business to allow both organic and inorganic growth.