Stella updateWithin the full report is the following:
Greater Stella Area Development Update
During the quarter, drilling of the third Stella development well was completed. The strong results of the clean-up flow test performed on the well, combined with the corresponding results of the first two wells, have served to de-risk the initial annualised production forecast for the GSA hub of approximately 30,000 boepd (100%), 16,000 boepd net to Ithaca. Operations are currently on-going on the fourth well, the Stella Andrew reservoir crestal gas producer, with completion of the well scheduled for early October 2014.
Offshore operations are currently on-going to install the subsea infrastructure associated with the FPF-1 mooring spread. Installation of the mooring piles has recently been completed, with the work now focused on installation of the anchor chains that will be connected to the piles and left ready for pull-in upon arrival of the FPF-1 on location. On the FPF-1 modification works, construction activities on the main deck of the vessel are advancing. All the main oil and gas processing plant packages have been positioned on the vessel and installation of the associated pipework has commenced. Fit out of the accommodation module is progressing well, with handover for pre-commissioning expected shortly.