Schiehallion Oilfield Development Sanctioned

abarrelfullabarrelfull wrote on 07 May 2012 06:42

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03 April 1996

The Department of Trade and Industry has approved BP and its co-venturers" plan to develop the "Schiehallion" oilfield and its satellite "Loyal" which lie in the Atlantic, 100 miles to the west of Shetland and Orkney.

The ú900 million development centres on 29 seabed wells, completed in four clusters. Oil will flow through subsea flowlines and flexible risers into a floating production, storage and offloading (FPSO) vessel. The FPSO will be permanently stationed on the field and a shuttle operation will lift the oil every four-to-six days.

Dick Olver, Deputy Chief Executive Officer of BP Exploration said: "Taking Schiehallion from discovery to sanction in little more than two years is a tribute to the teamwork which has emerged between the oil companies and our contractors. We can now look forward to the second step in building our West of Shetland business."

The Atlantic Frontier Alliance - a consortium of Brown and Root, Single Buoy Mooring, Coflexip Stena and Harland & Wolff - has been awarded the contract for design, engineering and procurement of the production vessel which will be able to process plateau production of 142,000 barrels of oil a day and store over 900,000 barrels.

Schiehallion lies in 375 metres water depth in UK blocks 204/20, 204/25a, 204/25b, 205/16 and 205/21b and has recoverable reserves of 340 million barrels of oil.

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