North Sea oil production could be higher this year

Total British offshore oil and gas production was up from 2016 and even more is expected as the Catcher field in the North Sea ramps up, Premiere Oil said.

Premiere Oil said Thursday its total British production last year of nearly 40,000 barrels of oil equivalent per day was up 20 percent from 2016. Full year total production of 75,000 barrels of oil equivalent was in line with guidance, and up from the previous year by 5 percent.

The company in late December started producing oil from the three fields — Burgman, Catcher and Varadero — that make up the Catcher complex in the North Sea. Initial production from its floating production, storage and offloading vessel parked over the area was around 10,000 barrels per day. A peak rate of around 60,000 barrels per day is expected during the first half of 2018…

 

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