BP has been a leading operator in Scotland since the mid-1960s when North Sea oil and gas exploration and production began
What we do
In 1970, we discovered the giant Forties field, confirming the North Sea Region as a globally significant oil and gas province. Aberdeen is home to the headquarters for BP’s North Sea upstream business, covering offshore operations, terminals and pipelines in Scotland. We are significant employer in the Region and are proud of the work our people do to constantly push new frontiers. Our activity set in the North Sea spans the entire industry life-cycle, from access and exploration, through resource appraise, drilling, commissioning, production and decommissioning. To date, we have invested around £40 billion in the North Sea and produced over five billion barrels of oil and gas. We are reaching the end of a historic investment programme which has seen delivery of a brand new Floating Production Storage Offload (FPSO) vessel the Glen Lyon and construction of Clair Ridge, the second phase of development of the giant Clair field. The Glen Lyon is targeting 450 million barrels of resource in the Schiehallion and Loyal fields West of Shetland. Clair Ridge – also located West of Shetland – has involved the construction and installation of two new bridge-linked platforms, production from which is expected in 2018.
Our North Sea strategy
Targeting 200,000 barrels a day by 2020, the North Sea is a growth region for BP
Over the past few years, we have been delivering a strategy to focus our portfolio; maximise the base and invest for the future. This has delivered a more streamlined and refreshed portfolio of assets; significant investment in the renewal of our existing assets; a deepening in assets such as Culzean; new production through fields such as Kinnoull, as well as the discovery of reserves such as Vorlich.
We have also announced an innovative and exciting new venture for our Upstream business in Norway with the creation of Aker BP ASA.
We have a strong future. Our UK North Sea production will grow to around 200,000 barrels a day by 2020 – this is double what we have been producing in recent years.
In the North Sea, we are on the Path to 2020 and Beyond focusing on five priorities.
First, safety remains job number one. We must look after each other and the environments in which we operate. Second, we have world-class people capable of taking us to the next level of competitive performance. Third, we have a clear plan to grow production. Fourth, we have an exciting future to 2030 and beyond with a focused portfolio that is resilient and balanced. Fifth, we will modernise and transform what we do in order to drive a step change in performance and efficiency.
BP is working hard to ensure a safe, competitive and robust future for our business here in the North Sea, seeking opportunities to maximise recovery and extend the life of this important Region.
Building our future
We have an exciting set of future investment and renewal opportunities with potential to sustain a material UK business for decades to come
BP is exploring at higher levels in the North Sea than in the recent past. In 2017, we will be participating in up to six exploration wells in the UK including the non-operated Jock Scott and Craster prospects. In addition to this, we will be drilling approximately 50 development wells over the next 3-4 years.
We have a rich hopper of future investment opportunities in the Greater Clair area West of Shetland; the ETAP and Vorlich areas in the Central North Sea; and in the Southern North Sea with our Carboniferous gas play.
In the 29th licensing round, announced by the Oil and Gas Authority (OGA) in March 2017, we were awarded 25 blocks, including three firm wells representing BP’s largest acreage award since the late 1990s.
Successful delivery of our plan should create the platform that enables us to develop our remaining resource and build our future in the North Sea.