Share Price.com
Market Update Economic Events Directors Deals Commodities Prices News Market Movers

Liberator site survey completed, says i3 Energy

Friday, 25th August 2017
i3 Energy has confirmed that all site survey and pipeline route sampling operations at its 100% operated and owned Liberator field have been successfully completed on time and within budget. It said the MV Poseidon (operated by MG3) conducted site surveys across two areas close to the Liberator field, identified by i3 as development drill centres for expected future production operations.

The survey acquired seismic, sonar, soils strengths and environmental sample data to assess drilling hazards and provide accurate soils data for construction activities on the field and associated in-field pipeline route.

Part of the data was collected over the neighbouring Blake field production manifold under agreements and cooperation with the Blake field operator, Repsol Sinopec Resources UK, and its field partner Idemitsu UK. i3 Energy said this detailed site information would be used in preparation of the environmental statement required for final field development plan submission and consideration for approval by the UK Oil & Gas Authority and to assist in the designing of the two development wells and associated tie-ins to be installed on the field.

The company anticipated the publication of the environmental statement for the Liberator development for public consultation shortly and was focused on submitting its FDP in the coming months. Chief development officer John Woods: "I'm delighted that i3's first North Sea operation has been completed safely and successfully.

"This information will allow i3 to proceed with its Field Development Planning for the Liberator development. i3 has worked closely with our well engineering contractor, Petrofac, to secure this element of the field development activity to ensure readiness for the next operational stage of the project.

"We remain on track for drilling operations and the subsea tie-in activities in 2018."




Story provided by StockMarketWire.com

Related Shares: I3 Energy

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News



SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.