GDF announces Cepheus gas find

May 28, 2014

GDF Suez E&P UK has struck has on the UK southern North Sea (SNS) Cepheus 44/12a-6 exploration well.

A gas column was found within the Permian Lower Leman sandstone, the primary reservoir target.  

The well was spudded on 9 March 2014 and drilled to 12,125ft total measured depth, 11,730ft total vertical depth subsea. It was deviated north-eastwards from a top hole location in Block 44/12a to the target location in Block 44/12b (License P1731). The GSF Monarch jackup rig is due to move off location tomorrow, 29 May, after plugging and abandonment operations. 

The discovery is likely to be tied in to the nearby Cygnus development, infrastructure for which is being installed this year and next, with first gas targeted for late 2015.

Equity interests in the P1731 licence are operator GDF SUEZ E&P UK Ltd (34.48%) and partners Centrica North Sea Gas Limited (48.28%) and Bayerngas E&P Limited (17.24%).

GDF Suez E&P UK also today announced it has agreed a 15-year lease on GDF SUEZ House, a new building on the city’s North Esplanade West. The building will accommodate up to 300 people as the company ramps up its activities across the UK Continental Shelf.

Jean-Claude Perdigues, Managing Director of GDF SUEZ E&P UK, said: “The lease signing today is a significant step in the new build project as we move ever closer towards relocating all of our people under the one roof to provide an ideal hub for our operations and developments team. 

“This is of particular importance as more of our assets come onstream, with our flagship project Cygnus – which is the largest gas discovery in the Southern North Sea for 25 years - targeted for first gas in late 2015.  The next milestone in the Cygnus development is currently underway with the first subsea and topside installation campaign taking place infield at the moment.”

The company has also recently taken a three-year lease on a 1406sq m warehouse at Waterloo Quay. The base will be used as the receipt and dispatch facility for all cargo to be shipped or returned from onshore and offshore locations. 

 


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