Gas Production Resumes from Kistos' Offshore Gas Field as TAQA Wraps Maintenance Work

September 23, 2021

A Jack-Up Rig next to Q10A platform in the Dutch North Sea - (File Photo: Tulip Oil)
A Jack-Up Rig next to Q10A platform in the Dutch North Sea - (File Photo: Tulip Oil)

Energy firm Kistos has informed that the TAQA operated P15-D platform in the Dutch North Sea has resumed normal operations, following a planned four-week maintenance shutdown.

This has, in turn, has allowed the resumption of gas export from Kistos' Q10-A gas field located in production licenses Q07/Q10a. Kistos operates the Q10-A gas field with a 60% working interest.

Andrew Austin, Kistos' Interim CEO, said: "I am pleased that TAQA has completed maintenance operations at P15-D on schedule and that we have been able to restart production from Q10-A on time. This and our ongoing drilling program, which includes work designed to enhance output from the Q10-A area, will allow us to realize enhanced returns from the prevailing gas prices during the remainder of 2021 and into 2022."

Kistos acquired the Q10-A field stake after it had in March agreed to buy Tulip Oil's Dutch subsidiary Tulip Oil Netherlands for 220 million euros, plus 163 million euros of contingent payments, and 5 million euros of warrants.

Apart from an operating interest in the Q-10A offshore gas field, the company acquired the Q-10B, Q-11B, and M10/M11 discoveries, and other exploration and appraisal projects in the Dutch North Sea.

 Credit: Kistos




Current News

Exxon to Close Two Houston-area Office Towers

Exxon to Close Two Houston-area Office Towers

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Shell Expects Ida-hit Offshore Platform to Restart in November

Shell Expects Ida-hit Offshore Platform to Restart in November

Subscribe for OE Digital E‑News

Offshore Engineer Magazine