Taqa Bratani, (the UK arm of the Abu Dhabi National Energy Company), has announced production from its first new North Sea oil well.

The well was drilled from the Taqa Bratani operated North Cormorant platform and was completed safely, on time and within budget.

This latest producing well is a side track from the existing CN30 well in the Brent reservoir of the Cormorant field and lies in around 530 feet of water. The well is expected to produce around 10,000 barrels of oil equivalent a day.

“This is another milestone for Taqa Bratani. In the nine short months since we purchased four operated platforms we have achieved a tremendous amount, including reactivating the dormant North Cormorant platform drilling rig to full working order and successfully drilling this significant producing well,” stated Leo Koot, Taqa Bratani managing director.

The new production well is part of a programme of activity Taqa Bratani has planned for 2009/2010, which includes further platform in-fill drilling and mobile drilling for sub-sea development wells.

Seismic has also been acquired on all Taqa Bratani northern North Sea acreage and is being processed to identify further development targets.-TradeArabia News Service