Kraken Oil Field

Summary Information

• Operator: EnQuest
• Country: UK
• Location: East Shetland basin, North Sea
• Production start: 2017
• Partners: Cairn
• Type: Heavy Oil
• Estimated Reserves: 137 million barrels of oil
• Production Volume: Exp. 50,000 bpd

Description

• Kraken is a large heavy oil accumulation in the UK North Sea, located in the East Shetland basin, to the west of the North Viking Graben.
• The development will utilise the Kraken FPSO which will have a storage capacity of 600,000 barrels
• The field contains 137 million barrels of oil
• Gross peak oil production expected to be over 50,000 barrels of oil per day

Contractors

• **EPC Offshore:** Field development feasibility study
• **Bumi Armada:** Supply of FPSO
• **Technip:** engineering, procurement, installation and construction (EPCI)
  • fabrication and pipelay of approximately 50km of rigid pipe - 25km of metallurgically clad pipe and 25km of HDPE lined,
  • installation of 3 umbilicals totaling 14km,
  • installation of 7km of flexible risers and jumpers ,
  • template and manifold installation at three drill centers,
  • diverless tie-ins to pipelines and manifolds,
  • pipeline flooding, hydro testing and leak testing.
• **SPX:** Oil well production pumps

History

• 1985 - Kraken Oil Field discovered
• 2010 - EPC Complete Kraken Development Feasibility Study
• 2011 - Successful drilling completed
• 2012 - Enquest acquires 45% of the field
• 2013 - UK government approval for the project
• 2013 - LOI signed with Bumi Armada for FPSO
• 2017 - First oil produced
• 2021 - Waldorf acquired 29.5% from Cairn

Geology

• The Kraken reservoir comprises the Heimdal formation at a depth of 3850ft TVDSS with the main producing interval being the Heimdal unit III, where heavy oil of c.13.7° API is present.

Links

1. UK Oil and Gas Fields by Approval Date
2. EPC Complete Kraken Development Feasibility Study
3. Kraken 9/02b-5Z Tests at 4,550 Barrels of Oil per Day
4. EnQuest acquires 20% of Kraken Discovery
5. EnQuest acquires a further 25% of the Kraken discovery
6. Bumi Armada Secures Letter Of Interim Agreement For Its First North Sea FPSO Contract
7. The £4 billion Kraken development has been approved by its owners and by DECC
8. SPX Awarded Contract to Provide Oil Production Pumps for EnQuest's Kraken Field in the North Sea
9. EnQuest selects Technip for a large subsea contract
10. Kraken First Oil
11. Acquisition of non-operated interests in Catcher and Kraken from Cairn Energy plc; plus farm-in to blocks 22/1B and 22/1A from Ithaca Energy Ltd