The United Kingdom (U.K.) offshore is a strategic part of Suncor Energy’s business. The U.K. team is focused on maintaining and growing a sustainable business including production, development and exploration. We firmly believe there is more value to be found across the North Sea basin and are committed to growing the business.
The Buzzard field
Our portfolio focuses on the Central North Sea, where we hold a 29.89% interest in the Buzzard field in the Outer Moray Firth. Buzzard, operated by Nexen Petroleum, is among the largest fields discovered in the North Sea in the past 15 years.
Buzzard came on-stream in early 2007 and delivers more than 50,000 high-margin, low-cost barrels per day to Suncor.
The Golden Eagle Area
The Central North Sea also comprises a number of material growth opportunities, including the discoveries in Golden Eagle, Solitaire, Peregrine and Hobby, collectively known as the Golden Eagle Area Development (GEAD).
First Oil was achieved at the Golden Eagle Area Development (GEAD) offshore Scotland on Oct. 30, 2014. The development is set to deliver 70,000 barrels per day (gross) oil production, with 18,690 barrels of oil per day net to Suncor. Suncor has a 26.69% working interest.
Located in the U.K. Central North Sea, GEAD is comprised of the Golden Eagle and Peregrine fields. The fields are located approximately 70 kilometres (43 miles) off the northeast coast of Scotland and 19 kilometres (12 miles) north of the Buzzard field.
During the spring of 2014, the production, utilities and quarters module was transported from Dubai to Golden Eagle and installed on May 29. The deck weighs 10,926 tonnes, which equals to approximately 1,570 elephants or 18 oil sands mining trucks. It was installed in a single lift using one of the only two suitable heavy lift vessels available in the world. The next day, May 30, the living quarters module, flare tower and bridge were lifted from the transportation barge and put into position on Golden Eagle.
These final installations were preceded by the successful delivery and installation of the wellhead module in July 2013. Drilling of production wells from the Wellhead module commenced in March 2014, while drilling of subsea wells from a semi-submersible drilling rig began in July of 2014. The Golden Eagle asset came on stream on budget and approximately three months ahead of schedule.
GEAD is also expected to be a hub for future tieback opportunities such as the Solitaire field, located northeast of the development, with first oil expected in 2015. Production from the Golden Eagle Area Development will be transported by pipeline to the Flotta Terminal in the Orkney Islands, where it will be shipped to market as a premium blend known as ‘Flotta Gold.’
Click the image below to see a larger view of the Golden Eagle Area Development.
Our growth strategy
Our strategy for growth in the U.K. is to focus on high-potential, near-field developments through commercial and exploratory activities, in both operated and non-operated joint ventures.
We currently hold material equity in 13 exploration licenses, three of which are operated.
In 2012, we drilled four exploration wells resulting in two oil discoveries and we plan to drill more exploration wells on our current license portfolio. We participate in ongoing licencing rounds for exploration acreage as wells as evaluating other license entry opportunities. Based in Aberdeen, Scotland, Suncor Energy’s team is well positioned to manage and grow our business in the region, with a continual focus on safe and reliable operations.