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31/01/2018

BP Announces Two New North Sea Discoveries

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Oil and gas giant BP has announced two new discoveries in the North Sea.

Potential energy reserves have been found in the Capercaillie and Achmelvich fields in the central North Sea and west of Shetland respectively.

Mark Thomas, BP North Sea Regional President said: "These are exciting times for BP in the North Sea as we lay the foundations of a refreshed and revitalised business that we expect to double production to 200,000 barrels a day by 2020 and keep producing beyond 2050.
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"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."

(LM)

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