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
The North Sea is a growth region for BP - maximising the performance of our assets and bringing on important new production are core strategic priorities.
Over the past few years, we have been delivering a strategy to maximise production from our assets; focus our portfolio and invest for the future. This has served us well.
We are now focused on growing our business in the North Sea and, central to this, is delivering our plan to 2020 priority. In recent years, we have invested at record levels in the North Sea. This has brought the Quad 204 project into production and is on track to deliver Clair Ridge - the second phase development of the giant Clair field - next year. Combined, these projects will target more than one billion barrels of recoverable resource.
That is not all we have in the pipeline. Last year, we doubled our interest in a third North Sea mega project, the Maersk-operated Culzean development. Due on stream in 2019, Culzean was the largest new field development sanctioned in the UK in 2015.
This activity, combined with continuing to improve production efficiency and reliability from our other core assets, will help us achieve our ambitious goal of doubling our North Sea production to 200,000 barrels a day by 2020.
Building our future
We have an exciting set of future investment and renewal opportunities with the potential to sustain a material UK business for decades to come.
Our intent is to maintain a healthy capital investment programme to sustain the production growth we will see over the next few years.
BP is exploring at significantly 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 across our portfolio, including 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 barrels of resource and build our future in the North Sea.