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To remind, UK Oil & Gas Authority approved Monday the development of the Culzean field, which has been described as the largest new field discovered in the UK North Sea in more than a decade.

Commenting on the approval, Oil & Gas UK’s chief executive, Deirdre Michie, said:

“Oil & Gas UK welcomes the development approval of the largest new field discovered in the UK North Sea in more than a decade.”

“Maersk Oil’s Culzean field is expected to produce enough gas to meet five per cent of total UK demand at peak production. This is positive news indeed, as according to figures from the Department for Energy, the country’s primary demand for oil and gas, critical for our transport and heating and powering our homes, will remain unchanged until 2030 at least.”

“This investment by Maersk Oil and its co-venturers, in this technically demanding High Pressure High Temperature field, is very encouraging at this challenging time for the industry and reinforces the fact that that the UK Continental Shelf continues to have much to offer.”

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