| 09/15/99 |
| REPSOL-YPF ANNOUNCES FIRST OIL FROM THE BUCKLAND FIELD IN THE NORTH SEA
|
Repsol-YPF announced the
start of the oil production from the Buckland field in the North Sea (Great
Britain). The production of the field has reached more than 37,000 barrels/day
plus 1.5 million m3 of associated gas per day. Partners are Repsol-YPF
(33.3%), Enterprise Oil (14.4%), Amerada Hess (14.1%), OMV (3.2%) and Mobil with
35% as Operator. The field, in Block 9/18,
has been developed using subsea wells tied back to the existing Beryl Alpha
production platform, some 10 kilometres away. Associated gas will be co-mingled
with Beryl gas and exported via an existing gas line to St.
Fergus. At the present time, the
combined net production of Repsol-YPF in the North Sea, coming from the two
fields now in operation, Harding and Buckland, amounts to aproximately 40,000
barrels of oil equivalent per day, having multiplied by six its production in
the last four years. |