Cladhan

Cladhan Oil Field Profile

Location

The Cladhan oil field is situated in the Northern North Sea, approximately 100 kilometers north-east of the Shetland Islands, UK. It spans across blocks 210/29A and 210/30A.

Operator and Partners

The Cladhan field is operated by TAQA, with Sterling Resources being one of the key partners involved in the project.

Development and Production

• The development of the Cladhan field involved the drilling and completion of several production wells. The first production well (P1) was drilled and completed by mid-2014, and the second production well (P2) was in progress by early 2015.
• The field was targeted for startup in the summer of 2015, with production commencing around that time.
• Peak production at the Cladhan field was achieved in 2016.

Production and Reserves

• As of the latest data, the Cladhan conventional oil field has recovered 93.31% of its total recoverable reserves.
• The field reached its peak production in 2016, although specific production rates are not detailed in the available sources.

Financial and Operational Aspects

• The development and operation of the Cladhan field have had financial implications for the involved companies. For instance, Sterling Resources reported impairment costs related to the Cladhan project in their 2014 financial results.
• Despite these challenges, the field contributed to the operating netback for Sterling Resources, as part of their overall financial performance.

Current Status

Given that the field has recovered a significant portion of its reserves, it is likely in the later stages of its production life. However, specific details on the current production status or any plans for decommissioning are not provided in the available sources.

In summary, the Cladhan oil field is a significant oil production project in the Northern North Sea, operated by TAQA and developed in partnership with companies like Sterling Resources. It began production in mid-2015 and reached peak production in 2016, with a substantial recovery of its total recoverable reserves.