BP Clair Ridge Phase 2
- Cost: $4.5 billion (estimated)
- Timeframe: 2014-2017
- Location: North Sea
The North Sea like so many other sectors has not been so active in recent years due to the oil industry decline, it has lead to talk of asset sell-offs and certainly has caused output shrinkages. However, the following Oil And Gas Projects are live and worth taking a look at it if you are looking for a new project.
With the decline in the industry there has been a decline in hiring and lack of work in general, but there is light at the end of the tunnel. Scroll down below to see the latest oil and gas projects which are live and could be hiring.
Around 75 kilometres to the west of the Shetland Islands in the North Sea, there is the Clair Ridge field. It is estimated that the field has an 8 billion barrel capacity which is now in the realms of manning up for the second phase.
BP has been placing the finishing touches to its Claire Ridge center to increase production levels which is a welcome beacon to the industry and its workers.
Clair Ridge is already well serviced with a network of undersea piping, but phase two sees this network extended with options for future seabed tiebacks if necessary. BP is targeting a creation capacity of 100,000 barrels per day after completion.
Precisely what is notable about this project is the fact it will premier BP’s latest advanced oil recovery technology LoSal. LoSal uses water injection methods to de-stalinize bordering areas, which will considerably improve recovery levels.
There is talk that as many as 40,000,000 extra barrels could be extracted from the Clair Ridge at a greater cost effectiveness during the site’s operational life.
Clair Ridge is expected to keep producing until 2050 which is an excellent stride in the right direction for BP and the industry as a whole.
See our detailed overview of the BP Clair Ridge Project. If you would like to see more live projects please continue by clicking the next button below.