GDF SUEZ Annual Report

Page 27

The North Sea The drilling campaign on Fram East was successfully completed, and production performance was well above budget.

26+27

4

1 3

2

gjøa fram

partners in the fram license gudrun

1 2 3 4

GDF SUEZ E&P NORGE (15%) statoilhydro (45%) exxon mobil (25%) idemitsu (15%)

location The Fram field is located 20 km north of Troll. Gudrun is situated about 40 kilometres north of the Sleipner area.

2002

GDF SUEZ E&P Norge acquires interest in the Fram field

Fram Fram is a key asset in GDF SUEZ E&P Norge’s portfolio. Production from the Fram field contributed a total oil production of 3.44 Mboe in 2008, which constituted 32% of our company’s total production. The average daily oil production for GDF SUEZ from this asset was 9425 bpd – a consistent production performance above budget. Fram also increased its gas export on 1 October from 0.77 MSm3/day up to 1.1 MSm3/day. The second phase of the Fram development, Fram East, added production from three more wells in 2008. The final well, B-24, was finished on 23 December.

Vega South Vega South is located some 10 km north-northwest of the Fram field, in block 35/11, and will be developed together with the Vega field. Vega and Vega South will be developed with three subsea templates, with two production wells in each, tied back to the Gjøa platform. Vega and Vega South will have access to the shared production and export facilities at Gjøa through a tiein and processing agreement. Production start-up is planned in October 2010.

Astero The promising Astero oil discovery (PL090B), made in 2005 in the Fram area, was successfully appraised in 2006. The partnership takes a positive view of proceeding towards a commercial development of this discovery. The current plan is to establish the development concept by 2010 and start production in 2013. Gudrun Concept selection (DG2) was made in December to develop the Gudrun light oil/gas condensate discovery (PL025) with a light processing platform tied in to Sleipner some 50 km to the south.

2003 15% Production start-up on Fram Vest

The current plan is to submit a Plan for Development and Operation (PDO) by the end of 2009. Production start-up is expected in the 4 quarter of 2013. The Sigrun light oil discovery some 10 km away from Gudrun, will also be included in the development plan as a subsea tie-in to Gudrun. The development will also have flexibility to include the Brynhild prospect (PL187), adjacent to the Gudrun license, in the future. The Brynhild prospect is expected to be drilled in 2010 and, given discovery, may be developed from the Gudrun platform.

Interest held by GDF SUEZ E&P Norge in the Fram field

North Sea exploration The Gjøa-Fram area remains one of the core areas for GDF SUEZ E&P Norge, and exploration to expand our portfolio in the area has continued. In 2008, we were awarded a 30% equity in PL153B together with the Gjøa partners in APA 2007. The drilling of the C-east prospect in PL090, where GDF SUEZ E&P Norge holds 15%, was completed in January 2008. The well proved oil and gas in Middle Jurassic sandstones. The discovery is expected to be developed via the Fram facilities. The Marsvin prospect in PL289, where GDF SUEZ E&P Norge

3.4

million boe equity production on Fram in 2008

1 holds 16%, is located 4 km east of the Trym field near the Danish sector. The prospect was drilled in the autumn of 2008 and the well 3/7-7 had a negative result. In this license GDF SUEZ E&P Norge farmed down from 30% to 16% to Faroe Petroleum Norge effective 1 January 2008.

Operatorship in PL423S In late summer 2008, a 3D seismic survey that was acquired over the license in 2007 was delivered. Based on this data, a decision was made to apply for a one-year extension of the initial license period delaying the drill-or-drop decision to February 2010.


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.