طراحی سایت
فارسی . العربیه
X

PEDC News

Home /News & Media/News
Wednesday 26 December 2018
number of visits: 87

BP receives OGA approval to develop Vorlich field in North Sea

BP receives OGA approval to develop Vorlich field in North Sea
  • New North Sea development targeting 30 million barrels of oil equivalent
  • Part of BP’s programme to develop satellite fields through existing hubs
  • £200 million capital investment, expected to produce 20,000 barrels of oil equivalent a day

BP announced today that approval has been received from the Oil and Gas Authority (OGA) to proceed with the Vorlich development in the central North Sea, which will target 30 million barrels of oil equivalent, expected to produce 20,000 barrels gross of oil equivalent a day at peak.

 

The £200 million project is part of a programme of North Sea subsea tie-back developments that seek to access important new production from fields located near to established producing infrastructure.

 

Vorlich, a two-well development approximately 241 kilometres east of Aberdeen, will be tied back to the Ithaca Energy-operated FPF-1 floating production facility, which lies at the centre of Greater Stella Area production hub. Ithaca has a 34% interest in Vorlich.

 

The field is expected to come onstream in 2020.

 

BP North Sea Regional President Ariel Flores said: “BP is modernising and transforming the way we work, with a focus on accelerating the pace of delivery of projects like Vorlich. Without compromising safety, we want to simplify our processes, reduce costs and improve project cycle time to increase the competitiveness of our North Sea business. This is increasingly important as competition for global investment funds gets stiffer.

 

“While not on the same scale as our huge Quad 204 and Clair Ridge projects, the Vorlich development provides another exciting addition to our refreshed North Sea portfolio and further demonstrates BP’s commitment to the North Sea.”

"BP is modernising and transforming the way we work, with a focus on accelerating the pace of delivery of projects like Vorlich. Without compromising safety, we want to simplify our processes, reduce costs and improve project cycle time to increase the competitiveness of our North Sea business"

Ariel Flores, BP North Sea Regional President

Scott Robertson, Central North Sea (CNS) Area Manager at the Oil and Gas Authority (OGA), said: “The OGA has been actively involved throughout the Vorlich project and is pleased to approve this development. The field will make an important contribution to our Maximising Economic Recovery UK (MER UK) priority as a valuable tieback utilising existing infrastructure and by maximising value from the Greater Stella Area hub.”

 

In April, BP announced its intent to develop Vorlich and Alligin, another project in its subsea tieback programme. Alligin is a two-well development west of Shetland which will be tied back to BP’s Glen Lyon floating, production, storage and offloading (FPSO) vessel.

 

Alligin (BP 50% operator; Shell 50%) is a 20-million-barrel recoverable oil field in the Greater Schiehallion Area, located approximately 140 kilometres west of Shetland.

Source : Link

Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.​

Picture
  • BP receives OGA approval to develop Vorlich field in North Sea
طراحی سایت ایزی وب