BP starts up Clair Ridge production offshore UK
Photo: BP Clair Ridge offshore UK.
LONDON -- BP, on behalf of co-venturers Shell, Chevron and ConocoPhillips, have announced first oil production from the giant Clair Ridge project in the West of Shetland region offshore UK.Clair Ridge is the second phase development of the Clair field, 46.6 mi West of Shetland. The field, which was discovered in 1977, has an estimated seven billion barrels of hydrocarbons.Two new, bridge-linked platforms and oil and gas export pipelines have been constructed as part of the Clair Ridge project. The new facilities, which required capital investment in excess of $5.77 billion, are designed for 40 years of production. The project has been designed to recover an estimated 640 MMbo with production expected to ramp up to a peak at plateau level of 120,000 bopd.Clair Ridge is the first offshore deployment of BPs enhanced oil recovery technology, LoSal.Bernard Looney, BP chief executive Upstream, said, The start-up of Clair Ridge is a culmination of decades of persistence. Clair was the first discovery we made in the West of Shetland area in 1977. But trying to access and produce its seven-billion barrels proved very difficult. We had to leverage our technology and ingenuity to successfully bring on the first phase of this development in 2005.And now more than 40 years after the original discovery, we have first oil from Clair Ridge, one of the largest recent investments in the UK. This is a major milestone for our upstream business and high....