Perenco UK announced the expansion of its Southern North Sea portfolio with the acquisition of a 50% operated interest in the Blythe and Elgood fields from CalEnergy, part of the former IOG Saturn Banks portfolio.
Blythe is a normally unmanned platform with two wells, one producing around 6 MMscf/d and one shut-in.
Elgood is a single subsea well, currently shut-in and tied back to Blythe. Both fields achieved first gas in 2022 via a new connection to Perenco’s Bacton terminal through the reused Thames pipeline.
Looking ahead to 2026, Perenco UK plans to tie Saturn Banks into its existing LAPS compressor at Bacton to increase production rates, enable the restart of shut-in wells, and extend the life of the assets.
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