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BABC Member - BP

Clair Ridge

 

British oil major BP is planning to invest $1 billion (£640 million) to expand the life of its North Sea assets. 

The company hopes that this investment will secure the future of its Eastern Trough Area Project (ETAP) fields, located in the UK sector of the North Sea, until at least 2030.

The Eastern Trough Area Project is an integrated development of nine different reservoirs with differing ownership and operatorship – six separate fields are operated by BP, and a further three fields are operated by Shell. BP’s reserves in ETAP lie in its interests in Marnock, Mungo, Machar, Monan, Mirren and Madoes fields.

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