Repsol Sinopec Resources UK has delivered first gas from the Cayley field in the Montrose Area in the Central North Sea.
This is the third and final new discovery to be brought on stream during the major redevelopment of the Montrose Area in the energy producer.
Repsol Sinopec has a 58.97% working interest and Marubeni Oil & Gas (U.K.) Limited is the sole partner.
Gross incremental production from the three fields – Cayley, Godwin and Shaw is expected to peak at 40,000 boepd.
Brian Winton, General Manager, Montrose and Arbroath said: “Safe and successful delivery of these fields is a great achievement for Repsol Sinopec and underlines the transformation of our business. With the support of our shareholders and our partner Marubeni we have overcome significant technical and legacy challenges to safely maximize economic recovery from these historic fields and facilities. We can now look forward to hub production from Montrose for another 15 years.”
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Deirdre Michie, Chief Executive of Oil & Gas UK, said: “This is the sixth major development to reach first production so far in 2017 and therefore another very welcome announcement, underlining our belief in the future of the North Sea and the resolve of operators to make the most of the opportunities it still offers.
“This is a significant development for Repsol Sinopec and for the other fields in the Montrose Area that will also benefit from this investment and redevelopment strategy.
“There are still billions of barrels of oil and gas in the basin and maximising economic recovery of those protects and sustains many thousands of UK jobs, helps deliver security of supply and significantly bolsters the UK economy.”
