BP announces two North Sea discoveries

Two new North Sea oil and gas discoveries announced by Energy giant BP

Tests have been carried out to discover how much oil and gas is present, with the data currently “under evaluation.”

The finds were made in the central North Sea and west of Shetland (Capercaillie and Achmelvich) after wells were drilled last year.

In 2017 BP said that it hoped to double North Sea oil production to 200,000 barrels by 2020 through a range of projects.

BP said it would “assess future options”, when analysis of the latest finds was complete.
It is understood that oil and gas might be extracted using a “tie back” whereby a pipe is laid to existing platforms.

BP North Sea regional president Mark Thomas 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.
“We are hopeful that Capercaillie and Achmelvich may lead to further additions to our North Sea business.”