During December, daily ex-platform production exceeded 14,300 bopd (approximately 6,840 bopd net to Ithaca) on several days but average production rates for the Beatrice Complex were lower due to scheduled shut ins for rig movements relating to the Bravo workover plan.
In addition, Jacky production was temporarily reduced due a fault in air conditioning capacity at the unmanned platform. This issue has been rectified and daily metered ex-platform Jacky production rates are now in excess of 11,000 bopd gross (5,225 bopd net to Ithaca).
During the shutdown, the Beatrice Bravo workover programme has continued without interruption and is now close to completion, the company said. Three well interventions have been carried out; one well is now on production with two further wells expected to be on production by the end of January.
Management has set a target for average 2010 production of 5,100bopd net to Ithaca. Sustaining this level of production will be subject to further well interventions from the Beatrice Alpha platform and takes into account the management’s view of anticipated production decline at Jacky.
Partners in the Jacky field are Ithaca (47.5%), Dyas UK (42.5%) and North Sea Energy UK (10%). Joint Venture Partners in the Beatrice Field, including Beatrice Bravo are Ithaca (50%) and Dyas UK (50%).
The company said that the preparations are being made to mobilize a rig that will drill to appraise the Stella discovery and contractual negotiations are ongoing to enable an early re-launch of the Athena development project. In addition to this, an independent evaluation of the company’s end 2009 reserves is currently being finalised by Sproule International.
