HOUSTON, Dec. 29 -- Paladin Resources PLC subsidiary Paladin Expro Ltd., London, and its 41.03% joint venture partner Energy North Sea Ltd, a Marubeni Corp. subsidiary, have received DTI approval for the development of Brechin oil field, which is close to the Montrose, Arbroath, and Arkwright (MonArb) field complex.
The estimated development cost is £21 million.
The field will achieve production by utilizing a single horizontal well tied back to the existing Arkwright field subsea infrastructure about 3.4 km away. The oil will be transported via pipeline for processing on the Montrose field platform and then to shore via the Forties Pipeline System.
Production, which is slated to begin in July 2005, will peak at over 5,000 b/d.
Field operator Paladin discovered Brechin field in May 2004 with its first UK-operated exploration well 22/23a-7, which penetrated 138 ft of oil-bearing Palaeocene Forties Sandstone.
(That came from Oil&Gas Journal today, dated 29/12. I thought DTI approval was won on 29/11? Story looks identical. I guess somebody read their embargo date wrong.)
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