Zennor provides Finlaggan field development update

HOUSTON -- Zennor Petroleum Limited, through its subsidiary Zennor Pathway Limited, is currently developing the 100% owned Finlaggan field in the UK Central North Sea (block 21/05c and 21/05d, Licence P2013). The development project is targeting 30 MMboe of gas condensate reserves from two subsea production wells tied back 20 km to the Britannia platform.

Drilling update

Zennor is pleased to report successful completion of drilling and testing operations. The Finlaggan production wells (F1 and F2) each flowed more than 12,000 boed, with rates being constrained by the surface facilities. Both wells also produced at significantly higher than expected flowing well head pressures, highlighting the quality of the reservoir sections in the completed wells.The Transocean drilling rig Paul B Loyd Junior has left the Finlaggan location and has been demobilized to Invergordon. The conclusion of these offshore works represents a key step in de-risking the Finlaggan development and delivering first production in fourth-quarter 2020 as planned.

Subsea facilities update

Zennor is also pleased to announce that construction work on the 20-km subsea pipe-in-pipe system and the electrohydraulic control umbilical is proceeding on schedule for installation in third-quarter 2019. The primary contractor TechnipFMC and their key subcontractors are making excellent progress towards this next major project milestone.