OFFSHORE FIELD DEVELOPMENT PROJECTS

MacCulloch

Operator:	ConocoPhillips
Water Depth:	125 m / 413 ft
Region:	Europe - North Sea
Country:	UK
Last Updated:	Oct 9, 2012    (view update history)

The MacCulloch field is located on Block 15/24b on the UK Continental Shelf in water depths of approximately 492 feet (150 meters). ConocoPhillips owns 40.0% interest of the field and co-ventures on the lease with ENI U.K. Limited. Field operations are subcontracted to North Sea Production Company (NSPC). The MacCulloch reservoir has recoverable reserves of approximately 58 million barrels of oil and 15 billion feet of gas with an estimated field life of five to eight years. Peak production is predicted to be 35,000 bopd and 20 Mmcf/d. The field was discovered in March 1990 by exploration well 15/24b-3 and it came online in August 1997. This is the first time ConocoPhillips used an FPSO in the North Sea. Field Development MacCulloch ...

Ithaca Adds to Resources in UK North Sea Type: Acreage Acquisition Oct. 2012 - Ithaca Energy has acquired interest in the Cook and MacCulloch fields in the UK North Sea through the acquisition of two Noble Energy subsidiaries. The Shell operated Cook field is located in block 21/20a and is processed through the Anasuria FPSO. The acquisition will bring Ithaca's stake in the field to 41.345%. The ConocoPhillips operated MacCulloch field is found in block 15/24b and was developed through 4 subsea wells tied back to the North Sea Producer FPSO. Finalization of the acquisition, expected in early 2013, will give Ithaca a 14% stake in the field. With the addition of these assets Ithaca's net production, largely oil, should increase by 1,100 boepd. The company's total consideration in the arrangement is $38.5 million. Endeavour Acquires UK Producing Assets Type: Acreage Acquisition Dec. 2011 - Endeavour has entered into a purchase and sale agreement to acquire ConocoPhillips' interest in three producing UK oil fields in the central North Sea for $330 million. Endeavour will increase their current ownership interest in the Alba field, a late Eocene reservoir that has been producing since 1994. Additionally, the company will add ownership interests in the MacCulloch and Nicol fields. Endeavour's aggregate working interest in the Alba field will be 25.68 percent following the closing of the acquisition. The company anticipates assuming operatorship of the MacCulloch field, subject to final partner agreement. Installation Type: Facility Construction Sep. 1996 - The FPSO was installed in September of 1996. Field Discovery Type: Production Start Mar. 1990 - The vessel commenced production August 1997.

The SubseaIQ Team works everyday to provide you with the latest information on the offshore field development market. The following table provides you with a detailed record of each addition and update made to this project by the SubseaIQ team.

UPDATE TYPE DATE DAYS AGO Field Updated Oct 09, 2012 0 Activity Added Oct 09, 2012 0 Activity Added Dec 27, 2011 287 Project Description Updated Jun 23, 2009 1204 Facility Updated Feb 11, 2009 1336 Field Updated Jan 05, 2009 1373 Field Status Added Jan 05, 2009 1373 Field Status Added Dec 11, 2008 1398 Facility Added Dec 09, 2008 1400 Facility Status Added Dec 09, 2008 1400 Project Description Added Dec 09, 2008 1400 Field Added Dec 09, 2008 1400 Activity Added Sep 01, 1996 5882 Activity Added Mar 01, 1990 8258

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