Production from IOG’s flagship North Sea project has been partially restored after issues with the two onshore compressors cropped up.
Last week the London-listed company (LON: IOG) announced that Saturn Banks production had been shut in by Perenco, operator of the Bacton gas terminal, Norfolk.
It followed a drainage system deficiency in the terminal condensate stabilisation unit’s (CSU) two recycle compressors.
Perenco said the issue must be addressed before any further Saturn Banks liquids can be processed, with the shut-in forecast to last around a week.
The company carried out a modification of one of the CSU compressors yesterday, and production was duly restored at an initial level of about 30 million standard cubic feet per day (mmscf/d).
Modification of the second compressor is expected to take approximately another week.
Once than has been completed, production from Saturn Banks will be gradually restored to its prior stabilised levels of 55-65 mmscf/d.
IOG expects this to be a “gradual process” to manage the high levels of liquids currently being worked through the Saturn Banks Pipeline System.
Andrew Hockey, chief executive of IOG, commented: “IOG, Perenco and ODE Asset Management have collaborated well to facilitate rapid execution of the PUK terminal modification and allow our production to be resumed at 30 mmscf/d. We look forward to a phased build up to double that level as fast as technically feasible over the coming weeks.”
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