About the last thing the market wanted to hear was another delay to Premier Oil’s Solan project to the west of the Shetlands. This was due to pump its first oil in the second quarter of this year; bad weather and other delays pushed this to the end of the year. The unprecedented number of storms this winter has meant some lost days and has pushed the first oil out to early next month.
This does not greatly matter. There is no change to the arrival of peak production in the summer, once a second pair of wells is drilled, and this will run at 20,000 to 25,000 barrels of oil a day for two and a half to three years before gradually being