Wednesday, January 16, 2019

Colter good luck for 2020


Colter Oil Drill.

I’ve not been a fan of the Colter Drill. I think it’s the wrong drill in the wrong place. I’ve also been sceptical that the drill will happen in the next few weeks.

Well, I’ve been doing some digging, talking to people. Just investigating as I think the companies involved are being deliberately misleading in not releasing information concerning the potential abandonment of the drill for now.

For clarity, Colter has considerable local opposition, it lies only a few thousand metres away from a world heritage site and just outside one of the world’s largest natural harbours.

The EIS for the Colter drill is therefore considerable and complicated. It contains very specific information concerning the start date of the drill and conditions around it.

A main condition surrounds the timing of the drill and a commitment for drilling operations to take place in the winter months, with an anticipated start date in November.

It is thought now that the earliest the drill can start is Feb, with a required 2 weeks notice given in the EIS.

I have been contacting local organisations as well as the BEIS (regulatory sign off authority) to get a better handle on whether or not the drill might still go ahead.

Local organisations are adamant that the drill will no longer go ahead, the BEIS have said that they are currently in communication with the operator but haven’t yet been given a change of drill date. 

If/When they get a change of drill date they have said that a new Environmental Assessment will need to be undertaken.

Given all the above, my understanding is that Colter will no longer take place. Instead it will be postponed until 2019/2020 at the earliest. A plan B seems to be a small marine vehicle to undertake a VSP, this was submitted for BEIS approval on the 4th of Jan 2019.

It is my opinion that an onshore development for oil extraction at Colter would take 3-4 years, if approved at all.

If your betting on Colter taking place then good luck.

3 comments:

  1. HI, you mention in your post 'A plan B seems to be a small marine vehicle to undertake a VSP, this was submitted for BEIS approval on the 4th of Jan 2019'.

    From what I can see on the BEIS site this is the Consent to Undertake a Geophysical Survey (Vertical Seismic Profile (VSP)) which is using the ENSCO 72 and is exactly the same as that approved on Wick which you can see if you flick between 2018 and 2019:
    hTTps://itportal.beis.gov.uk/eng/fox

    Doesn't seem therefore to be any new plan there and in fact just the same as Wick. Have you got any other information you can share on this?

    ReplyDelete
  2. It's been confirmed today, the rig is going to Colter next.

    ReplyDelete

Note: Only a member of this blog may post a comment.