Gyda Oil Field

Last updated
Gyda
North Sea relief location map.jpg
Red pog.svg
Location of Gyda
Country Norway
Location North Sea
Block2/1
Offshore/onshoreOffshore
Coordinates 56°54′41.39″N3°6′30.39″E / 56.9114972°N 3.1084417°E / 56.9114972; 3.1084417
Operator Repsol
PartnersRepsol (61%)
INEOS E&P (34%)
KUFPEC (5%)
Field history
Discovery1980
Start of production1990
Abandonment2021
Production
Current production of oil10,000 barrels per day (~5.0×10^5 t/a)
Recoverable gas6.6×10^9 m3 (230×10^9 cu ft)
Producing formationsUpper Jurassic [1]

Gyda (Norwegian : Gydafeltet) was an offshore oil field located in the southern Norwegian section of the North Sea, along with the Ula, Tambar and Tambar East fields making up the UGT area, usually attributed to DONG Energy's main areas of exploration and production activity. [2] The Gyda field was discovered in 1980 and started producing on June 21, 1990. [1] The field contains confirmed 39.6 million m3 of oil and 6.6 billion cubic meter of natural gas. [1]

Contents

Ownership

Originally developed by BP, in 2003 it sold its interests (61%) in the Gyda Oil Field to the Canada-based Talisman Energy for $90 million. [3] Talisman operated the field until it was inherited by Repsol in 2015 as part of the acquisition of Talisman and assumed the operatorship on behalf of the licence. [4] Partners of Talisman Energy, DONG Energy and Norske AEDC AS (NAEDC), owned by Arabian Oil Company (AOC), hold 34% and 5% interest in the project, respectively. [5] [6] Capital spending on Gyda was expected to be $131 million. [7]

Production

Gyda is located in approximately 66 m (217 ft) of water. The main reservoir stands at 4,000 m (13,000 ft) in the Upper Jurassic Ula Formation. [1] The field had one conventional steel facility with production, drilling, living quarters. The topsides were built at various locations in Norway and the steel jacket in the UK. Gyda produced an average of 10,000 bbl/d (1,600 m3/d). [6] The field also produced large quantities of water, helping in making the oil production stable. After many years of dwindling production, the production license was extended until 2020 when the decision was taken to begin decommissioning. A total of 32 wells were drilled during the lifetime of the field. The produced oil was transported by a pipeline to nearby Ekofisk oil field and on to Teesside for refining. [1]

See also

References

  1. 1 2 3 4 5 "OLJEDIREKTORATET Norwegian Petroleum Directorate. Gyda". Archived from the original on 2011-07-26. Retrieved 2010-04-05.
  2. ↑ Repsol took over the operatorship on behalf of the licence in 2015 upon the acquisition of Talisman Energy's Norwegian assets. Oil production ceased in 2020 and the field was decommissioned in 2021. "DONG Ups Stake in Norway's Ula Field". Rigzone. 2008-06-02. Retrieved 2010-03-18.
  3. ↑ "BP to sell Gyda Field interests to Talisman". The Engineer. 20 May 2003. Retrieved 12 May 2021.
  4. ↑ "Canada: Oil Field Acquisition". The New York Times. 2003-05-20. Retrieved 2010-04-05.
  5. ↑ "BP To Sell Gyda Field Interests To Talisman -- Amendment". Globe Newswire. 2003-05-19. Retrieved 2010-04-05.
  6. 1 2 "Arabian oil Company. Norwegian North Sea". Archived from the original on 2010-10-30. Retrieved 2010-04-05.
  7. ↑ "Talisman to Drill Gyda Sor Well with Maersk Guardian Jackup". Rigzone. 2008-10-13. Retrieved 2010-04-05.
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