The table below sets out Kistos’ licence interests, all of which are operated, along with our joint venture partner, Energie Beheer Nederland (EBN), who hold the remaining 40% working interest.
|Q07||Production||Offshore||60%||Kistos NL2 B.V.|
|Q10a||Production||Offshore||60%||Kistos NL2 B.V.|
|Q10b||Exploration||Offshore||60%||Kistos NL2 B.V.|
|Q11||Exploration||Offshore||60%||Kistos NL2 B.V.|
|Q08||Exploration||Offshore||60%||Kistos NL2 B.V.|
|M10a||Exploration||Offshore||60%||Kistos NL1 B.V.|
|M11||Exploration||Offshore||60%||Kistos NL1 B.V.|
|Akkrum -11||Production||Onshore||60%||Kistos NL1 B.V.|
|Donkerbroek – Main||Production||Onshore||60%||Kistos NL1 B.V.|
|Donkerbroek – West||Production||Onshore||60%||Kistos NL1 B.V.|
The Q10-A gas field was discovered through an appraisal/development well drilled in 2015 into the Q10-A structure, which lies 20km offshore the Netherlands, straddling the Q07/Q10a production licences. FID was taken in January 2018, and commercial gas production was achieved in February 2019, from a development comprising a remotely operated, unmanned platform with six well-slots, located in a shallow 21m water environment. Produced gas is exported through a dedicated 42km pipeline to the third party P15-D platform where it is processed for onward transportation to shore. Remaining reserves are estimated to be 19.7mmboe net to the company, and have been assigned through an independent CPR, effective 31/01/2021.
The produced gas from Q10-A boasts industry-leading carbon emissions credentials, principally due to the design of the platform, which is powered through wind and solar generation. Offshore visits to the normally unmanned installation are relatively infrequent, and are conducted via boat, rather than helicopter, reducing the environmental footprint of our operations
The Q11-B discovery is located in the licence block Q11, c. 13km offshore. The gas field was discovered in 1969, and an appraisal-development well is planned for later during 2021. It is intended that a Q11-B field development could mimic the Q10-A development, with a normally unmanned installation incorporating renewable power generation and provision for four producing wells. The estimated net recoverable resources associated with the Q11-B field range from 67 – 103 – 155 bcf.
Kistos also holds operated interests in the Q10b block, which harbours the Q10-B discovery, as well as a high ranking prospect; Q10-Gamma. In the near term the company intends to firm up plans to drill appraisal and exploration wells, respectively.
The remaining licence block; Q08, completes a broad area of interest across Kistos acreage in which our predecessor re-processed 1880km2 of 3D legacy seismic data in 2019. This dataset is being methodically worked by the team in order to identify low-risk opportunities, located optimally to our existing infrastructure and offering the potential to further enhance the core area.