The Mariner oil field, one of the four major assets in UK, is situated in Block 9/11a in the UK North Sea about 150km east of Shetlands. The total investment in the field including drilling is estimate to be in excess of $7bn.
One of the largest undeveloped oil fields in the UK North Sea, the Mariner field is estimated to have recoverable reserves of more than 250 million barrels and 55,000 barrels of average daily oil production for the first four years.
Life of the oil field is expected to be about 30 years from 2017.
JX Nippon’s FDP for the development of the field involves building of a production, drilling and quarters platform (PDQ) along with a floating storage and offloading system (FSU).
The plan also includes drilling a significant number of production wells after startup in 2017 to optimize the production.
JX Nippon, through the oil field, is expecting to achieve its long term daily production goal of 200,000 barrels of oil equivalent by 2020.
