North sea operator Noreco saw production continue to rise at the troubled Huntington field in November.
The company produced 4,689 barrels of oil equivalent per day (boed) in November – up 18% on October, when production was 3,982 boed.
Production at the field, net to Noreco, was 3,813 boed in November, up 43% from 2,668 in October.
The field, which is operated by Premier Oil (40% interest), Noreco (20%), E.on (25%) and Iona Energy (15%), has the potential to produce around 40,000 barrels a day but is currently only running at around 50% capacity due to issues with BP’s CATS pipeline, which comes onshore at Teeside.
Noreco today said output at the field had risen due to production volume restrictions being partly lifted by the CATS pipeline operator.
The floating production, storage and offloading (FPSO) facility was forced to close on 5 December for two days due to extreme weather conditions, however a ramp-up in production is planned throughout December and Noreco says it expects to net 6,400 boed from the field.
The company today said November production at the Oselvar field in the southern Norwegian North Sea had been good, but slightly lower than in the previous month at 756 boed. Noreco expects production at the field to decline towards a normalised 600-700 boed.
Noreco said the Lulita field in the Danish part of the North Sea had produced well in November at 121 boed, despite being shut for 15 days. However, the Nini, Nini East and Cecilie fields – also known as the Siri Fairway fields – remained shut due to technical issues at the Siri platform.
The company says production is unlikely to restart until Q2 2014, with average production at the Siri Fairway fields likely to be lower than before the shut-down last summer as a result of low regularity in the direct loading period and planned shut-downs as part of the Siri permanent repair project.
Noreco this week also confirmed its refinancing package has been completed with the issue of new bonds. As a result, the company’s former bond loans, and interest accrued, have been deleted.
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