Norwegian Energy Company (Noreco) has informed that a temporary approval has been granted to resume production at reduced rate at the Huntington field, in the UK North Sea, and that the field is now on stream.
It was previously reported that production from Huntington field was delayed due to an incident during restart of the CATS riser platform. At that point, Noreco informed that the riser platform will be closed at least until December 18, 2014.
According to the company, until normal access to the CATS system has been restored, the company expects that daily production from Huntington will not exceed 1 500 boepd net to Noreco.
Noreco says that the CATS operator has not given any firm date for restart of normal operation of the CATS Systems, but indications are that it could be delayed to the end of January, possibly even longer.
Noreco notes that it is difficult at this stage to guide on the exact cash flow implications for the company. It should be expected that the reduced production in the beginning of 2015 will be partly compensated by flush production when the field is back to normal.