Printer Friendly

MOBIL INCREASES NORTH SEA GAS PRODUCTION

 FAIRFAX, Va., July 15 /PRNewswire/ -- Mobil (NYSE: MOB) announced the start-up of natural gas production from two automated, unmanned platforms in the United Kingdom sector of the North Sea which are capable of producing up to 200 million standard cubic feet of gas per day.
 The Lancelot and Guinevere platforms, the North Sea's newest, are located 40 miles off the Norfolk coast and started production ahead of schedule.
 The Lancelot platform, standing in 68 feet of water, is the bigger of the two structures, weighing 2,251 tons and equipped with six well slots. The Guinevere platform, with three well slots, stands in 55 feet of water and weighs 1,537 tons. The two are linked by seabed pipeline carrying Guinevere gas the 4 1/2 miles to Lancelot. Gas is then conveyed via a 20-inch subsea pipeline to a gas terminal at Bacton where it is delivered to Mobil Gas Marketing (U.K.) Ltd. for sale to industrial, commercial and power-generating customers.
 Mobil Chairman Allen E. Murray said, "These two platforms represent the efficient, effective manner in which our company is now approaching the business of producing reserves by keeping operating costs down."
 Mobil owns 99 percent of Lancelot. The remaining one percent is split between Industrial Scotland Energy (ISE) Limited, a subsidiary of Total Oil Marine p.l.c. (0.72 percent) and Brabant Oilex Limited (0.28 percent). Guinevere is 75 percent Mobil-owned. ISE owns 18 percent and Brabant 7 percent.
 Lancelot and Guinevere, straddling blocks 48/17a, 48/17b and 48/18a, are part of a larger concentration of Mobil-owned and/or operated producing acreage in the southern gas basin of the North Sea. In the nearby Camelot field, which began production in 1989, two platforms currently yield an average of 70 million cubic feet per day. The Tristan field, which came onstream in 1992, is now delivering 22 million cubic feet of gas per day.
 Currently under development is the Excalibur field. Next year it will produce an estimated 50 million standard cubic feet of gas per day.
 Mobil-operated fields in the North Sea's southern gas basin have recoverable reserves approaching one trillion cubic feet. Production from these fields, together with gas from the Mobil-operated Beryl area in the northern North Sea and interests in non-operated acreage, combine to make Mobil one of Britain's leading producers and marketers of natural gas. Current sales to utilities as well as direct sales to industrial and commercial customers total 500 million cubic feet per day.
 -0- 7/15/93
 /CONTACT: John Lord of Mobil, 703-846-2500/
 (MOB)


CO: Mobil Corporation ST: Virginia IN: OIL SU:

TM -- NY099 -- 2224 07/15/93 17:17 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 15, 1993
Words:445
Previous Article:DUFF & PHELPS REMOVES ONEOK FROM RATING WATCH
Next Article:WESTERN RESOURCES NEGOTIATIONS WITH ONEOK END
Topics:


Related Articles
THREE INTERNATIONAL UNITS OF MOBIL SET PRODUCTION RECORDS
MOBIL AND PDVSA AGREE TO STUDY HEAVY OIL DEVELOPMENT, OTHER PETROLEUM OPPORTUNITIES
MOBIL'S FIRST HORIZONTAL DEVELOPMENT WELL IN NORTH SEA LANCELOT GAS FIELD FLOWS 67 MMCFD
MOBIL INCREASES PRODUCTION AND REPLACES OIL AND GAS RESERVES
MOBIL NORTH SEA LIMITED STARTS PRODUCING NEW NATURAL GAS RESERVES
MOBIL HAS 10 PERCENT INTEREST IN NORTH SEA SCOTT FIELD
MOBIL NORTH SEA LTD. ANNOUNCES FIRST GAS BEGINS FROM GALAHAD FIELD IN NORTH SEA
MOBIL REPLACED 106 PERCENT OF OIL AND GAS RESERVES IN 1995
Noble Affiliates Receives Approval from Department of Trade and Gas Industry For Development of Malory Gas Field
Kerr-McGee Completes Acquisition of Repsol's North Sea Operations.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters