Tullow well commences production

ISEQ-listed Tullow Oil has said its southern North Sea Schooner-10 production well commenced production on May 16 at a stabilised rate of 22 mmscfd.

Commenting today, Aidan Heavey, Chief Executive of Tullow said: "Over the last 12 months we have…made a total of four exploration discoveries and completed Tullow’s first operated offshore development.

"Our increasing control over our operations, allied to the ongoing strength and seasonality of UK Gas pricing, allows Tullow to optimise returns from assets such as Horne and Wren by managing production to meet periods of peak demand and pricing."

In addition to ongoing redevelopment work, the Borgsten Dolphin semi-submersible rig is scheduled to arrive at the end of May to drill the NW Schooner Extension appraisal well on the flank of the Schooner field, Tullow said today. If successful, NW Schooner will be developed via a subsea tie-back to the Schooner platform.