Hydrocarbons were discovered at Golden Eagle in 2007, 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’), the biggest North Sea development since Buzzard. The GEAD assets 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 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 well head 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. Development drilling delivered 6 new wells during 2015 and further drilling will continue throughout 2016.