BP North Sea in the future

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2016 Quad204 redevelopment BP’s Schiehallion and Loyal fields still hold an estimated 500m barrels of oil and a £3 billion upgrade is underway to develop facilities to extend its life to at least 2035. It includes a state-of-the-art FPSO, the Glen Lyon, new seabed infrastructure, world-leading subsea technology and use of a new enhanced oil recovery scheme. First oil is expected 2016. Opening up exploration opportunities BP’s current exploration and seismic programme spans the UK, Norway and Greenland. The UK’s recent 27th licensing round was BP’s most successful since the 1990s, with licences awarded over 14 blocks. BP was also awarded two new licences in the Barents Sea through Norway’s 22nd licensing round. Results from the UK’s 28th licensing round are expected soon. 2015 Investing for the future at Sullom Voe 2015 will see the beginning of a £1 billion renewal programme to the terminal’s facilities, technology and infrastructure, which will allow BP to meet customers’ ongoing and future needs, and service new fields. The workforce will grow by up to 300 people during the renewal and a further 400 could be needed to build the gas plant. 2017 Clair Ridge start-up Clair Ridge, the £4.5 billion second phase of Clair’s development will deliver two new bridge-linked platforms. It will also see the first large-scale offshore use of BP’s LoSal ® EOR technology, to enhance oil recovery. In 2013, a major appraisal drilling programme began to help define a possible third phase of development for Clair. First oil for Clair Ridge is expected 2017. 2015 A new drill rig for west of Shetland A new-build semi-submersible drilling unit will start drilling operations in BP’s west of Shetland projects in 2015. The Deepsea Aberdeen, which the company commissioned from Odfjell, will initially be used in the Quad204 development. image of Clair Ridge reservoir Clair Ridge will use reduced salinity water injection to increase recovery

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A look into the future of BP's North Sea business

Transcript of BP North Sea in the future

Page 1: BP North Sea in the future

2016 Quad204 redevelopment BP’s Schiehallion and Loyal fields still hold an estimated 500m barrels of oil and a £3 billion upgrade is underway to develop facilities to extend its life to at least 2035. It includes a state-of-the-art FPSO, the Glen Lyon, new seabed infrastructure, world-leading subsea technology and use of a new enhanced oil recovery scheme. First oil is expected 2016.

Opening up exploration opportunities BP’s current exploration and seismic programme spans the UK, Norway and Greenland. The UK’s recent 27th licensing round was BP’s most successful since the 1990s, with licences awarded over 14 blocks. BP was also awarded two new licences in the Barents Sea through Norway’s 22nd licensing round. Results from the UK’s 28th licensing round are expected soon.

2015 Investing for the future at Sullom Voe2015 will see the beginning of a £1 billion renewal programme to the terminal’s facilities, technology and infrastructure, which will allow BP to meet customers’ ongoing and future needs, and service new fields. The workforce will grow by up to 300 people during the renewal and a further 400 could be needed to build the gas plant.

2017 Clair Ridge start-up Clair Ridge, the £4.5 billion second phase of Clair’s development will deliver two new bridge-linked platforms. It will also see the first large-scale offshore use of BP’s LoSal® EOR technology, to enhance oil recovery. In 2013, a major appraisal drilling programme began to help define a possible third phase of development for Clair. First oil for Clair Ridge is expected 2017.

2015 A new drill rig for west of Shetland A new-build semi-submersible drilling unit will start drilling operations in BP’s west of Shetland projects in 2015. The Deepsea Aberdeen, which the company commissioned from Odfjell, will initially be used in the Quad204 development.

image of Clair Ridge reservoir

Clair Ridge will use reduced salinity water injection to increase recovery