Zennor reaches ‘significant milestones’ for Finlaggan project

Zennor Petroleum has said it has reached two “significant milestones” for the development of its Finlaggan project in the North Sea.

Finlaggan, which is 100% owned by Zennor, is expected to produce 30million barrels of oil equivalent.

In an operational update, the firm said both subsea production wells have been successfully drilled yielding “very encouraging results”, with completion and clean up due to be finished this quarter.

Meanwhile, the firm has completed agreements to export the gas through production facilities at the nearby Britannia platform and into the mainland via the Forties and the Segal pipeline systems to the St Fergus gas terminal in Aberdeenshire.

First production is due in the fourth quarter of 2020.

Martin Rowe, Zennor’s Managing Director, said: “The team have worked exceptionally hard over recent months and I am delighted to see those efforts come to fruition in achieving significant commercial and operational milestones.

“All aspects of the Finlaggan development project are firmly on track to deliver first production in Q4 2020 as planned and we greatly appreciate the support we continue to receive from our key contractors, partners, banking syndicate, the OGA and our shareholders.”

Finlaggan is located in the central North Sea and is tied back to the Britannia platform, operated by ConocoPhillips, 12miles away.

The Oil and Gas Authority gave approval to the development plan in October last year.

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Craigmill, Pitcaple, Inverurie, Aberdeenshire, United Kingdom, AB51 5HP
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