Santos Multineer-Exeter production back on track after repair
2008.03.20 -
Projects
Santos advises that production has recommenced at the Mutineer-Exeter oil fields following the successful completion of electrical repairs on the FPSO.
The Mutineer field was discovered in 1997 with the Pitcairn 1 exploration well and the Exeter field was discovered in 2002 with the Exeter 1 exploration well. The commerciality of the field was confirmed by the Norfolk 1 discovery in 2002.
Forward production is expected to achieve 20,000 to 22,000 barrels of oil per day gross, in line with previous guidance.
Mutineer-Exeter was shut-down for temporary repairs in early February 2008 following electrical damage which rendered the sub-sea pumps inoperable. Full electrical repairs are expected to be completed in 2009.
A workover programme on Mutineer-Exeter will commence in the second quarter of 2008 to further enhance production from the fields. Interests in the Mutineer-Exeter oil fields are:
Santos (Operator) 33.4%
Kufpec 33.4%
Nippon Oil 25.0%
Woodside Petroleum 8.2%
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