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| EnQest Grabs Share of Alba |
Date: Jan. 2013
Type: Operator Update |
| EnQuest and CIECO have reached an agreement whereby EnQest will acquire CIECO's 8 percent non-operated interest in the Alba field on the UK Continental Shelf. Under the agreement, EnQuest will pay out $29.6 million cash plus a further deferred cash consideration of up to $790,000 based on certain project milestones. The agreement is subject to standard regulatory consent. Alba is estimated to hold 1 billion barrels of oil in Eocene turbidite sandstones. During the first half of 2012 the field produced 6.4 million barrels. |
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| BP Sells Alba Stake to Mitsui |
Date: Jun. 2012
Type: Acreage Acquisition |
| BP is selling its interests in the Alba and Britannia fields in the UK sector of the North Sea to Mitsui & Co. for $280 million. Net BP production from the two fields averages some 7,000 barrels of oil per day. The sale comprises BP's 13.3-percent stake in Alba and 8.97-percent stake in Britannia. Completion of the deal is anticipated by the end of 3Q 2012, subject to regulatory and other licensee approvals. |
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| Endeavour Acquires UK Producing Assets |
Date: Dec. 2011
Type: Acreage Acquisition |
| Endeavour has entered into a purchase and sale agreement to acquire ConocoPhillips' interest in three producing UK oil fields in the central North Sea for $330 million. Endeavour will increase their current ownership interest in the Alba field, a late Eocene reservoir that has been producing since 1994. Additionally, the company will add ownership interests in the MacCulloch and Nicol fields. Endeavour's aggregate working interest in the Alba field will be 25.68 percent following the closing of the acquisition. The company anticipates assuming operatorship of the MacCulloch field, subject to final partner agreement. |
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| Chevron Resumes Production at Alba Northern Platform |
Date: Nov. 2010
Type: Status Update |
| Production has resumed at the Alba Northern platform, announced Chevron, after a gas leak was detected Wednesday, November 17. The Alba field is located 130 miles (209 kilometers) northeast of Aberdeen, Scotland on UK North Sea Block 16/26. The water depth of the field is approximately 453 feet (138 meters). Chevron serves as the operator and holds a 21.17% interest; ConocoPhillips holds 23.43%; Statoil holds 17%; BP holds 15.50%; Total holds 12.65%; Cieco holds 8%; and Endeavour holds 2.25%.
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| RBG Receives Contract from Chevron North Sea |
Date: May. 2010
Type: Contract Award |
| RBG will deliver electrical rope access services and provide electrical inspections and upgrades for three platforms, Alba, Captain and Erskine on the UKCS. Chevron North Sea awarded the US $1.7 million three-year contract. |
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| Wood Group to Service Chevron Facilities in the North Sea |
Date: Feb. 2010
Type: Contract Award |
| Wood Group received a three-year operations and maintenance support services contract from Chevron North Sea Limited for its Alba, Captain and Erskine fields. Facilities included in the service arrangement include the Alba Northern Platform, the Captain FPSO and the Wellhead Production Platform, and the unmanned Erskine Platform, all located in the UK sector of the North Sea. The contract went into effect February 8, and includes two, one-year extension options exercisable by Chevron. |
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| Chevron Selects Wood Group for North Sea Engineering Services |
Date: Oct. 2009
Type: Contract Award |
| Wood Group was awarded a three-year engineering and construction contract by Chevron North Sea Limited for its Alba, Captain and Erskine fields. Worth an estimated £45 million over the initial three years, the contract is effective from October 1, 2009, and includes two, one-year extension options exercisable by Chevron. The contract covers the engineering and construction support services for the Alba Northern Platform, the Captain FPSO & Wellhead Production Platform and the unmanned Erskine Platform. |
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| Alba Southern Area Development Option Selected |
Date: Jul. 1997
Type: Development Activity |
| New platform-based facilities, together with a subsea water injection well, will be installed, subject to final Government approval, as part of the continuing development of the Chevron-operated Alba oilfield in the central North Sea.
This follows eight months of studies into the best options for the next part of the Alba Phase II project to develop the southern area of the reservoir.
Alba Phase II has seen the southern area developed through extended reach drilling from the Alba Northern Platform which will process the additional fluids from this part of the field. |