Asset Report
Foinaven Area
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Foinaven Area included the Foinaven and Foinaven East fields located 160 kilometres west of Shetland. Foinaven was the first field to receive development consent in the harsh conditions and deeper water of the UK Atlantic Margin. It was developed via two subsea production manifolds tied back to a leased FPSO, Petrojarl Foinaven. Production started in 1997.A second phase, Foinaven East, began in 2001. Infill drilling on the main field led to the exploitation of the Foinaven East ...
Table of contents
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Summary
- Field development
- Decommissioning
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Key Issues
- Redevelopment remains an option, but looks increasingly unlikely
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Plug and Abandonment
- Wells
- Subsea
- FPSO
- Capital costs
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Decommissioning costs
- Decommissioning liability
- Tax relief
- Decommissioning relief deeds
- Decommissioning security
- OSPAR regulations
- Foinaven
- Foinaven East
Tables and charts
This report includes the following images and tables:
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Reserves (2P) at 01/01/2027Contingent Resources (2C) at 01/01/2027Foinaven Area production profile
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Capital Costs 2022 to 2025 (£ million)Cash Flow (US$)PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2027Remaining Present Value Price SensitivitiesCash Flow (Local Currency)
- 11 more item(s)...
What's included
This report contains:
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