Fifty years since acquiring its first North Sea licence, BP is preparing to start a 700 million-pound ($1.1 billion) project in the region that is expected to produce oil and gas into the next decade, reports Bloomberg. According to Oil & Gas UK, Kinnoull will extend the Andrew fields throughput to 2020 or longer. BP will start output from the Kinnoull field this month, Chief Executive Officer Bob Dudley said at an event in London last week. Output from Kinnoull is forecast to peak at 45,000 barrels a day and will be exported via the Forties pipeline to the Kinneil processing plant and through the CATS system to Teesside, according to company statements. It is one of three reservoirs being developed as part of the Andrew area rejuvenation program. The reservoir holds 45 million barrels of oil equivalent, the company said. BP’s Kinnoull project, in the central North Sea, is an example of a new development which is tied back to an existing platform, Andrew, thus benefitting from one of the North Sea’s most important assets – its infrastructure. The story of Kinnoull began in May 2008 when BP‘s exploration of the Andrew field area led to the discovery of a new reservoir containing 45 million boe. BP looked at development options which took advantage of the existing infrastructure for Andrew. In September 2011, BP and its co-venturers announced that £700 million was to be invested in developing the Kinnoull reservoir. The programme of modifications being made on the Andrew platform comprise the addition of a 750 tonne process module, strengthening of the platform’s decks and installation of a 220 tonne riser caisson and associated tie-ins. It is a showcase for the outstanding subsea expertise that exists within the industry in Britain. Overall, more than 200 companies across the length and breadth of the UK are involved in bringing the project to fruition. They account for over 90 per cent of the total work entailed, according to information on the Oil & Gas UK web site.
Posted on: Mon, 13 Oct 2014 10:07:20 +0000
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