BP has been granted approval to develop the Vorlich Field within the North Sea, focusing on 30 million barrels of oil equal.
The area is predicted to come back on stream in 2020 and is predicted to supply 20,000 barrels gross of oil equal a day at its peak.
BP introduced on Thursday that it has acquired approval from the Oil and Gas Authority (OGA) to proceed with the event within the central North Sea.
It stated the £200m undertaking is a part of a programme of North Sea subsea tie-back developments that search to entry necessary new manufacturing from fields situated close to to established producing infrastructure.
BP North Sea regional president, Ariel Flores, stated: “BP is modernising and remodeling the way in which we work, with a deal with accelerating the tempo of supply of initiatives like Vorlich.
“Without compromising security, we wish to simplify our processes, scale back prices and enhance undertaking cycle time to extend the competitiveness of our North Sea enterprise.
“This is more and more necessary as competitors for world funding funds will get stiffer.
“While not on the identical scale as our large Quad 204 and Clair Ridge initiatives, the Vorlich growth offers one other thrilling addition to our refreshed North Sea portfolio and additional demonstrates BP's dedication to the North Sea.”
Vorlich, a two-well growth roughly 241 kilometres (150 miles) east of Aberdeen, will probably be tied again to the Ithaca Energy-operated FPF-1 floating manufacturing facility, which lies on the centre of Greater Stella Area manufacturing hub.
Ithaca has a 34% curiosity in Vorlich.
Scott Robertson, Central North Sea space supervisor on the OGA, stated: “The OGA has been actively concerned all through the Vorlich undertaking and is happy to approve this growth.
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“The area will make an necessary contribution to our Maximising Economic Recovery UK (MER UK) precedence as a invaluable tieback utilising current infrastructure and by maximising worth from the Greater Stella Area hub.”
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