Taqa is to proceed with its development of the Morrone North Sea field after getting the go-ahead for its plans from the government.
The UAE-owned firm is now looking for first output from the field by the third quarter of next year after its development plan was approved.
The field, around 200miles north-east of Aberdeen, is one of the assets picked up from BP by Taqa as part of a £650million deal last year.
“Reaching this milestone so quickly is due to an intense effort by Taqa’s subsurface and wells teams, close collaboration with our partners, and a smooth transition of operatorship of the field from BP in June 2013,” said Taqa’s UK managing director Pete Jones.
The project will see the field being drilled from the Harding platform, around 5km north of the Morrone field.
The field, which Taqa has a 70% stake in alongside Maersk, is expected to produce more than 3000 barrels of oil equivalent a day.
Recommended for you
