Output Spike Brightens North Sea's Twilight Years
New oil projects over the next two years in the North Sea will have combined capacity to produce 1.2 million barrels per day (bpd), offsetting a slide in output from the oldest deepwater basin that produces the world's benchmark crude. The projects stretch from the West Shetlands to the icy fringes of the Arctic Ocean, Reuters research shows. North Sea crude output was 2.54 million bpd in 2016 and is forecast to reach 2.59 million bpd in 2017 and 2.63 million bpd in 2018…
BP Starts Drilling on Carboniferous Prospect in North Sea
BP today commenced drilling on a potential carboniferous gas play in southern North Sea block 43/26a. If successful it could open up a new phase of development in the region. The well, being drilled with partners Perenco and Premier, will test the potential of a deep carboniferous age horizon several hundred metres beneath the mature reservoirs produced by the Ravenspurn ST2 platform. Mark Thomas, BP North Sea regional president, commented: “This play warrants further exploration as we know the reservoir sands exist.
BP Boosts Culzean field Stake
BP announced today it has doubled its interest in the Culzean development in the UK Central North Sea, following its acquisition of an additional 16% interest from JX Nippon. The acquisition increases BP’s interest in the development from 16% to 32%. “We are pleased to have deepened our interest in Culzean and we look forward to helping Maersk make this important central North Sea development a success,” said Mark Thomas, BP Regional President North Sea Region.
