TAILWIND ENERGY FLOWS FIRST OIL FROM GANNET E FIELD

Tailwind Energy Ltd. announced first oil from the 100% owned Gannet E redevelopment to the Triton FPSO. The subsea tieback project was completed in September 2018 with first oil delivered on budget and on schedule. All three wells are producing higher than expectation providing a combined rate of ca.10kbbl/d. Across its portfolio, Tailwind will exit the year producing in excess of 20kbbl/d net to the company. The field is operated by Tailwind with Dana as the pipeline & facility operator and Petrofac as the well operator. Gannet E further establishes Tailwind’s portfolio of producing fields and demonstrates the company’s ability to successfully bring new reserves online.
Tailwind Energy, based in London, is an oil and gas venture founded in 2016 by a management team with over 200 years combined experience in investment and operational E&P. On 1st September 2018, Tailwind Energy Ltd completed the purchase of Shell UK Limited, Shell EP Offshore Ventures Limited and Esso Exploration and Production UK Limited interests in the Triton Cluster. Tailwind intends to further develop the fields in conjunction with JV partners.
The Triton Area consists of six producing oil fields developed via common infrastructure in the UK Central North Sea, located approximately 190km east of Aberdeen in water depths of 90m. The six fields currently producing oil and gas via the Triton FPSO, are Bittern, Guillemot West, Guillemot Northwest, Clapham, Pict and Saxon. Dana Petroleum Limited and Endeavour Energy Limited are our partners in the Triton cluster. Dana currently operate the Triton FPSO along with the Clapham, Saxon, Pict and Guillemot West fields. Following the recent Tailwind transaction with Shell/Esso, Dana now also operate the Bittern field. Tailwind is operator of the Gannet E Field, with Dana as pipeline operator and Petrofac as well operator. Tailwind also operate the Belinda/Evelyn discoveries with Petrofac as well operator. (Source and image: Tailwind Energy)