Hydrocarbons were discovered at Golden Eagle, located in the British North Sea, in 2007. These were followed by discoveries at Pink (2008, later renamed Peregrine) and at Hobby (2009). The three discoveries are collectively known as the Golden Eagle Area Development (GEAD), and represent the biggest North Sea development since Buzzard
The Golden Eagle Area Development – An Overview
The GEAD assets in the British sector were extensively appraised in 2009 including nine appraisal wells, two drill-stem tests and one injection well.
The Golden Eagle/Hobby/Peregrine area oil development was approved for development by DECC in late 2011 and will target almost 150 million barrels of reserves and base case peak production of 60,000 bopd. The field is developed with an integrated production/utility/living quarters platform and a separate, bridge linked wellhead deck, with a further two subsea clusters. The Solitaire oil discovery in block 14/26a has been added to the field development plan and will be developed through the northern subsea cluster.
Nexen Petroleum (UK) Limited operates the three billion-dollar GEAD project, which was completed in 2015.