MOL Group entered the UK in 2014 by acquiring a portfolio of non-operated producing and development assets. Through completion of the three development projects, MOL Energy UK has been able to increase production to just under 20 mboepd and is now a significant production contributor to MOL’s international portfolio. MOL Energy UK plays an active role in managing the assets in its portfolio through frequent interaction with the Operators and other joint venture partners with a focus on value generation through pursuing investment opportunities and improving operating efficiency.
The Catcher, Varadero and Burgman fields are produced through a newly built FPSO vessel (Floating Production, Storage and Offloading). First oil was achieved in December 2017. The production rates were successfully ramped up in 2018 as final commissioning was completed. The FPSO has been producing above its nameplate capacity with an impressive high uptime. The Catcher development produces at plateau rates and contributes more than 60% to the UK production total.
Scolty & Crathes
The Scolty & Crathes development came on stream in late 2017. Although the reservoir has excellent characteristics, the production rate was restricted by unexpected build-up of wax in the subsea pipeline from the fields to the host facility. This issue was resolved in 2019 when a thermally insulated replacement pipeline system was installed.
Priorities for upcoming years
Maximize value from our current asset portfolio, by continuing high facilities uptimes on Catcher, Scolty & Crathes and Scott assets, delivering seismic and drilling programs, and continuing to pursue value adding opportunities.
For details of other E&P operations, please click on the highlighted countries below: