Bentley Oil Field
Encyclopedia
Bentley Oil Field is a heavy oil
field located in the North Sea
about 160 kilometres (99.4 mi) to the east of the Shetland Port of Lerwick
. It is owned by Xcite Energy
. The field is located 6 kilometres (3.7 mi) south-west of Statoil
-operated Bressay field.
The oil field was discovered in 1977 at the sea depth of 113 metres (370.7 ft). A flow test was conducted on well 9/3b-6z by Xcite Energy and it is expected that the well will go into full production in 2011.
The recoverable reserves are 160 Moilbbl of oil and total oil in place is estimated about 690 Moilbbl. The field is being drilled using horizontal drilling
technology, which was unavailable when the field was discovered in 1977. The field is being drilled by Ocean Nomad, a semisubmersible rig leased from Diamond Offshore Drilling
. The company has also signed up to use the jack-up Rowan Norway. First Energy Capital have initiated coverage with an OUTPERFORM rating . In the 26th Seaward Licensing Round Xcite was awarded the nearby blocks 9/3c and 9/3d that border the Bentlyfield block 9/3b .
Heavy crude oil
Heavy crude oil or extra heavy crude oil is any type of crude oil which does not flow easily. It is referred to as "heavy" because its density or specific gravity is higher than that of light crude oil. Heavy crude oil has been defined as any liquid petroleum with an API gravity less than 20°.Extra...
field located in the North Sea
North Sea
In the southwest, beyond the Straits of Dover, the North Sea becomes the English Channel connecting to the Atlantic Ocean. In the east, it connects to the Baltic Sea via the Skagerrak and Kattegat, narrow straits that separate Denmark from Norway and Sweden respectively...
about 160 kilometres (99.4 mi) to the east of the Shetland Port of Lerwick
Lerwick
Lerwick is the capital and main port of the Shetland Islands, Scotland, located more than 100 miles off the north coast of mainland Scotland on the east coast of the Shetland Mainland...
. It is owned by Xcite Energy
Xcite Energy
Xcite Energy is a London Stock Exchange alternative investment market limited company . Xcite Energy is also listed on the TSX Venture Exchange . The company was formed by a group of seasoned oil industry professionals to bring the Bentley Heavy Oil Field in the North Sea into production by the end...
. The field is located 6 kilometres (3.7 mi) south-west of Statoil
Statoil
Statoil ASA is a Norwegian petroleum company established in 1972. It merged with Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro...
-operated Bressay field.
The oil field was discovered in 1977 at the sea depth of 113 metres (370.7 ft). A flow test was conducted on well 9/3b-6z by Xcite Energy and it is expected that the well will go into full production in 2011.
The recoverable reserves are 160 Moilbbl of oil and total oil in place is estimated about 690 Moilbbl. The field is being drilled using horizontal drilling
Directional drilling
Directional drilling is the practice of drilling non-vertical wells. It can be broken down into three main groups: Oilfield Directional Drilling, Utility Installation Directional Drilling Directional drilling (or slant drilling) is the practice of drilling non-vertical wells. It can be broken down...
technology, which was unavailable when the field was discovered in 1977. The field is being drilled by Ocean Nomad, a semisubmersible rig leased from Diamond Offshore Drilling
Diamond Offshore Drilling
Diamond Offshore Drilling, Inc. is a deepwater drilling contractor which provides drilling services to the oil and gas industry. The company's headquarters are located in Houston, Texas, but they have offices in Metairie, Louisiana, Africa, Australia, Brazil, Indonesia, Scotland, Singapore, Norway...
. The company has also signed up to use the jack-up Rowan Norway. First Energy Capital have initiated coverage with an OUTPERFORM rating . In the 26th Seaward Licensing Round Xcite was awarded the nearby blocks 9/3c and 9/3d that border the Bentlyfield block 9/3b .