Development Assets
Operations
RockRose has interest in the Tain field, which provides the Company with opportunities to arrest the decline in output from its portfolio of existing producing fields.
Tain
Tain (RockRose 50.00%) is an appraised and tested oil accumulation in a water depth of 100 metres, located 10 kilometres to the north-west of the Blake field. Operated by Repsol-Sinopec, development studies are ongoing and the project is expected to reach FID (final investment decision) in the second half of 2020, with first oil in the first half of 2022. The current development concept is to develop Tain with two wells, which are expected to provide peak production in excess of 6,000 bopd. The field will be tied back to the Bleo Holm Floating Production, Storage, & Offloading vessel (FPSO). Produced oil shall be exported by shuttle tanker while excess gas will be exported via the Frigg pipeline.