Harbour Energy started production at the Tolmount gas field in the British North Sea, a source close to the company said on April 25.
Harbour operates and holds a 50% stake in the field along with Dana Petroleum.
The field, whose start-up was initially planned in the first quarter of the year, is expected to reach peak production of 40,000 boe/d.
Harbour Energy took ownership of the field as part of its takeover of North Sea rival Premier Oil last year. Its output will help Harbour reach its 2022 production target of between 195,000 and 210,000 boe/d.
The company downgraded Tolmount’s reserves earlier this year.
Tolmount’s start-up was first reported in a note by Jefferies analysts.
Recommended Reading
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
2024-05-17 - A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.
Exxon Versus Chevron: The Fight for Hess’ 30% Guyana Interest
2024-03-04 - Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.
US Raises Crude Production Growth Forecast for 2024
2024-03-12 - U.S. crude oil production will rise by 260,000 bbl/d to 13.19 MMbbl/d this year, the EIA said in its Short-Term Energy Outlook.
Iraq to Seek Bids for Oil, Gas Contracts April 27
2024-04-18 - Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country.
Deepwater Roundup 2024: Offshore Australasia, Surrounding Areas
2024-04-09 - Projects in Australia and Asia are progressing in part two of Hart Energy's 2024 Deepwater Roundup. Deepwater projects in Vietnam and Australia look to yield high reserves, while a project offshore Malaysia looks to will be developed by an solar panel powered FPSO.