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Page added on January 31, 2018

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BP Announces New North Sea Discoveries

Geology

BP plc announced Wednesday that it has made new discoveries in the North Sea at Capercaillie, in Block 29/4e, and Achmelvich, in Block 206/9b.

The Capercaillie well was drilled to a total depth of 12,303 feet and encountered light oil and gas-condensate in Paleocene and Cretaceous-age reservoirs, while Achmelvich was drilled to a total depth of 7,857 feet and hit oil in Mesozoic-age reservoirs.

“These are exciting times for BP in the North Sea as we lay the foundations of a refreshed and revitalized business that we expect to double production to 200,000 barrels a day by 2020 and keep producing beyond 2050,” Mark Thomas, BP North Sea regional president, said in a company statement.

“We are hopeful that Capercaillie and Achmelvich may lead to further additions to our North Sea business, sitting alongside major developments like Quad 204, which came onstream in 2017, Clair Ridge, due to come into production this year, and the non-operated Culzean field, expected to start-up in 2019,” he added.

Oil & Gas UK’s chief executive, Deirdre Michie, said the new exploration discoveries in the North Sea marked a more positive start to the year for the UK’s offshore industry.

“Our competitive fiscal terms, and the strides we have made to bring our finding costs in line with our peers, make the UK Continental Shelf a very attractive basin for doing business,” Michie said in a statement sent to Rigzone.

“While industry continues to build on its efficiency program, Oil & Gas UK will continue to work closely with stakeholders to ensure no stone is left unturned in our efforts to maximize economic recovery from the basin,” Michie added.

Capercaillie, which is 100 percent owned by BP, is located in the central North Sea and Achmelvich is situated west of Shetland. The Achmelvich well partnership comprises BP (operator, 52.6 percent), Shell (28 percent) and Chevron (19.4 percent).

RIGZONE



13 Comments on "BP Announces New North Sea Discoveries"

  1. Boat on Wed, 31st Jan 2018 10:32 pm 

    Good for BP. We don’t want to be runnung low on oil till at least 2030 when EV’s start taking over.

  2. MASTERMIND on Wed, 31st Jan 2018 10:39 pm 

    Boat

    You can’t even drive an EV out of the city. So to the majority of Americans they are useless!

  3. Boat on Wed, 31st Jan 2018 11:06 pm 

    MM,

    Most Americans live in or near a city. 60 miles are plenty. By 2030 I expect 400. That will get me to shrimp/steak and back.

  4. Anonymouse1 on Wed, 31st Jan 2018 11:38 pm 

    The majority of amerikans are useless. See above for two fine examples. A certifiable retard talking to a nutcases sock. Doesn’t get much more amerikan, I mean, retarded as that.

  5. Mad Kat on Wed, 31st Jan 2018 11:52 pm 

    Hahahahahaha! Thanks for the laugh, Anon. You got that right! Perfect examples! ^_^

  6. GregT on Thu, 1st Feb 2018 12:01 am 

    “By 2030 I expect 400. That will get me to shrimp/steak and back.”

    Boat,

    Where, or what, is shrimp/steak?

  7. fmr-paultard on Thu, 1st Feb 2018 12:10 am 

    ((mm)) https://imgur.com/a/mxRWE

    curious where u get the breeding part from? are you muslim?

  8. MASTERMIND on Thu, 1st Feb 2018 12:53 am 

    boat

    If enough people buy EV’s and knock off some oil demand then the price of oil will drop and people who buy oil will buy more of it and the demand will go right back up! Jevons paradox!

  9. Anonymouse1 on Thu, 1st Feb 2018 2:38 am 

    Boatietard meant to type, ramen\corn, Greg. Another one of his tard-typos.

  10. Davy on Thu, 1st Feb 2018 5:03 am 

    silly old man billy, silly greggie his boy wonder, and annoying mouse 1 the Canadian millennial struggling to be an engineer are better?

  11. Anonymouse1 on Thu, 1st Feb 2018 5:33 am 

    Speaking of retards, look, its the exceptionalist. Right on cue.

  12. Davy on Thu, 1st Feb 2018 5:39 am 

    Speaking of a dumbass millennial Canadian waste case, when is the last time you gave a comment that said anything? Are you struggling to be an engineer that is struggling to be relevant here? Playing a silly greggie and stalking and pricking Americans is not being relevant. Besides what a dork, “exceptionalist”. Yea compared to you definitely.

  13. TommyWantsHisMommy on Thu, 1st Feb 2018 3:54 pm 

    I think the issue is we need high gasoline prices…really high…to get people to make the jump to EV. Ain’t nobody going EV for $2/gallon petrol//on the other hand high fuel will probably meltdown the economy, so who knows. Just buy some new snickers and have them ready.

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