BP starts oil output from giant UK Clair expansion project
BP says it has started production from its giant, and long-delayed, Clair Ridge expansion project in the UK West of Shetland area, adding 120,000 b/d of capacity that should help sustain the country's recently improved oil output levels.
But the project almost doubles the original capacity of the facilities: production first started in 2005 and peaked at 57,000 b/d of oil in 2009, and BP has raised hopes of further projects to maximize output from a field thought to hold over 7 billion barrels of oil.
BP on Friday highlighted its first ever use of an enhanced recovery technology it calls LoSal that involves injecting low-salinity water to maximize recovery levels, and said this could yield an additional 40 million barrels of production. Clair Ridge overall targets 640 million barrels of oil reserves.
BP on Friday described Clair Ridge as the largest North Sea installation project in more than 20 years.
Upstream chief executive Bernard Looney said the startup was the "culmination of decades of persistence."
"This is a major milestone for our upstream business and highlights BP's continued commitment to the North Sea region," he said in a statement.
Clair is a relatively heavy crude compared with others in the North Sea, with an API gravity of 23.2, and is shipped via pipeline for loading at Sullom Voe in the Shetland Islands.
source: S & P Global Platts
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
