BP marks first oil from Quad 204
UK
LONDON, May 22, 2017 – BP on Monday announced the completion of the redevelopment of the Schiehallion and Loyal fields, thereby extending the life of the offshore UK assets to at least 2035.
Carried out under the Quad 204 banner with partners Shell and Siccar Point Energy, production from the mentioned fields will now be ramped up to a plateau production rate of 130,000 bopd.
Schiehallion and Loyal are expected to yield another 450 million barrels over the next 18 years.
Work carried out under the scope of the Quad 204 project included the revamp of subsea facilities, a 20-well drilling campaign and the construction and installation of the Glen Lyon floating production, storage and offloading unit.
The FPSO has a processing capacity of 130,000 bopd, and at 270-metres in length, is the largest such-unit capable of operating in the harsh UK offshore environment. BP operates the FPSO on a 36% stake, while Shell and Siccar Point Energy hold 54% and 10%, respectively.
“The start of production from Quad 204 – on of the largest recent investments in the UK – is an important milestone for BP, marking a return to growth for our North Sea business,” Group Chief Executive Bob Dudley said in a statement.
BP aims to achieve 200,000 boepd in UK North Sea production by 2020. To that end, it will be drilling five new exploration wells an additional 50 development wells.
The Schiehallion and Loyal fields first began producing in 1998. The latter is jointly operated by BP and Shell. The Schiehallion shareholding is Shell 50%, BP 33% and Siccar Point Energy 12%.
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