9th of December 2018
Tailwind Energy confirms first oil from Gannet E field
Tailwind Energy Ltd. is pleased to announce first oil from the 100% owned Gannet E redevelopment to the Triton FPSO. The subsea tieback project was completed in September 2018 with first oil delivered on budget and on schedule. All three wells are producing higher than expectation providing a combined rate of ca.10kbbl/d. Across its portfolio, Tailwind will exit the year producing in excess of 20kbbl/d net to the company. The field is operated by Tailwind with Dana as the pipeline & facility operator and Petrofac as the well operator. Gannet E further establishes Tailwind’s portfolio of producing fields and demonstrates the company’s ability to successfully bring new reserves online.
11th of November 2018
Tailwind Energy confirms sanction of Columbus field development
As part of the completion of the EOG UK acquisition, Tailwind Energy Ltd (‘Tailwind’) is pleased to confirm sanction of the Columbus Development, which recently received Oil and Gas Authority (OGA) approval for a Field Development Plan (FDP) as announced by Serica Energy Plc in late October 2018. OGA approval of the FDP was subject to a number of statutory requirements, including the submission of an Environmental Statement, which was approved by the Department for Business, Energy & Industrial Strategy (BEIS) at the beginning of October 2018.
Following the acquisition of EOG Resources United Kingdom Limited, Tailwind holds 25% interest of the Columbus Development. Other participants are Serica Energy plc (50% interest, operator) and Endeavour Energy UK Limited (25% interest).
8th of November 2018
Tailwind Energy completes acquisition of EOG’s UK business
Tailwind Energy Ltd is pleased to announce today the completion of the acquisition of the EOG UK portfolio.
4th of September 2018
Tailwind Energy acquires EOG’s UK business
Following completion of the acquisition of Shell and Exxon’s interests in the Triton oil cluster, Tailwind Energy Ltd is pleased to announce the next stage of its growth. Tailwind has agreed with EOG Resources Inc to acquire EOG’s UK business, subject to regulatory approvals. As part of the inherited EOG UK portfolio, Tailwind will own and operate 100% of the producing Conwy oil field, a 25% non-operated interest in the Columbus gas development project and other minor asset interests in the North Sea. Upon completion of this transaction, Tailwind expects to produce in excess of 15k bbl/d across its portfolio.
1st of September 2018
Tailwind Energy completes Triton assets acquisition
Tailwind Energy Ltd (“Tailwind”) today announces the completion of the acquisition of interests in the Triton Cluster from Shell UK Limited, Shell EP Offshore Ventures Limited and Esso Exploration and Production UK Limited.
21st of December 2017
Tailwind Energy acquires Shell and Exxon’s interests in the Triton Assets
Tailwind Energy Ltd has signed an agreement with Shell UK Limited, Shell EP Offshore Ventures Limited and Esso Exploration and Production UK Limited to acquire their interests in the Triton Cluster, which Tailwind intends to further develop. The Triton Cluster, located in the UK Central North Sea 190km east of Aberdeen, was initially brought into production in 2000. The deal is subject to regulatory and partner approvals and is expected to complete in the first half of 2018. No staff will be transferred as part of the transaction.
Tailwind Energy Ltd is a new oil and gas company focused on acquiring and investing in United Kingdom Continental Shelf (UKCS) assets. Tailwind is being supported by Mercuria, one of the largest privately-held commodities and energy groups. Mercuria will provide Tailwind with a fully integrated capital and crude oil marketing solution.