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    Tuscan Energy and Acorn to use FPSO on Argyll

    News // February 15, 2002
    Offshore Shipbrokers Ltd reports that UK independents Tuscan Energy and Acorn Oil & Gas have been awarded a relicensing of block 30/24 which includes the Argyll, Duncan and Innes fields. They hope to produce 40,000bopd from Argyll and ultimately developa total of 40m barrels from the three developments.

    The development plans include production from three subsea wells using a leased FPSO commencing around mid 2003. Capex is expected to be around 55 million.

    Inaugurated in 1975 the Argyll Field was the first to produce oil in the UK sector. Production ceased in 1992.

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