BP to Drill Two New North Sea Fields; Expected to Come on Stream 2020
April 10 2018 - 8:28AM
Dow Jones News
By Ian Walker
BP PLC (BP.LN) said Tuesday that it will drill two new North Sea
developments which are expected to come on stream in 2020, and to
have peak production of 30,000 barrels of oil equivalent per day
gross.
The oil major said Alligin and Vorlich are satellite fields
located near to existing infrastructure, meaning they can be
quickly developed through established offshore hubs.
BP has a 50% interest in Alligin and is operator while Royal
Dutch Shell PLC (RDSB.LN) has the other 50%. BP is also operator of
Vorlich with a 66% interest, while Ithaca Energy has the remaining
share.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
April 10, 2018 08:13 ET (12:13 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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