Anasuria

The Anasuria Cluster is located 175km east of Aberdeen in the Central North Sea, United Kingdom, and incorporates the Teal, Teal South, Guillemot A and Cook fields. All of these fields share the Anasuria floating production, storage and offloading (FPSO) host platform and lie in a water depth of 94m . Production from the cluster commenced in 1996 following the installation of the purpose built Anasuria FPSO that year. The Anasuria Cluster provides stable positive cash flow from current gross production of ~ 11,600 BOPD. The asset has a proven resource base which provides a foundation for further development. A number of opportunities exist within the licence areas which are expected to generate significant incremental value over the near term. The projects identified provide field re-development opportunities, development of existing discoveries and exploration upside which will be a focus over the next 3-5 years. The Anasuria Cluster represents an attractive, geographically focused package of operated interests in producing fields and associated infrastructure.

https://www.anasuria.co.uk

Key Facts

FACILITIES:

Avalon

The Avalon prospect was successfully drilled in 2014 where oil was discovered from high quality Tertiary sands. In 2017 an appraisal well was drilled on the prospect which confirmed reserves and fluid characteristics. The Avalon partners are proceeding with the development of the Avalon oil field with development drilling in 3rd quarter 2019 and 1st oil production projected for 4th quarter 2020. Ping Petroleum UK Plc is the operator of this license and the Avalon oil development.

Key Facts

15/17c and 15/18c

Block 15/17c and 15/18c was awarded to Ping Petroleum UK Plc in the UK Government’s 30th offshore licensing round and are located in the Outer Moray Firth area of the Central North Sea. Block 15/17c and 15/18c contains an oil discovery in the Paleocene Forties Sandstone. The undeveloped discovery is supported by 3D seismic and state of the art seismic inversion which has been proven very effective in exploration and field development efforts in this area. This discovery is proximal to nearby infrastructure at Piper and Saltire Field and could be tied back to existing infrastructure in the area. This block adds undeveloped resources to Ping’s existing portfolio in the United Kingdom in a proven North Sea reservoir, using state of the art technology in an area with established infrastructure.

Key Facts