BP to start up North Sea Quad 204 in May
The Quad 204 project has involved redevelopment of the west of Shetlands Schiehallion and Loyal fields, and has included the installation of a new floating production, storage, and offloading (FPSO) vessel, the Glen Lyon, at the site.
BP expects the FPSO - which has a storage capacity of 800,000 bl, and from which crude produced at the site will be loaded - to output 130,000 b/d of oil at its peak. The firm expects the Quad 204 project to extend production at the asset beyond 2035.
Crude production at Schiehallion averaged 42,800 b/d in 2012, prior to its temporary closure at the start of 2013 to allow redevelopment works to begin.
BP's production in Europe averaged 160,000 b/d of oil equivalent (boe/d) in the first quarter of the year, down by 10pc from 178,000 boe/d across the same three months a year earlier, and down from 168,000 boe/d in the last three months of 2016.
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