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    Home > Chemicals Industry > Petrochemical News > The UK plans to substantially increase the production of heavy oil from the country's largest oil field

    The UK plans to substantially increase the production of heavy oil from the country's largest oil field

    • Last Update: 2021-06-04
    • Source: Internet
    • Author: User
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    China Petroleum and Chemical News Network reported on May 29, 2021, according to the oil price network.


    BP will use the latest technology and expertise provided by the newly established partnership to increase drilling operations in the Clair Ridge heavy oil field, the largest oil field in the UK with 7 billion barrels of heavy oil reserves.


    The Clair Ridge oil field, which consists of two bridge-connected platforms, was developed in 2018 at a cost of about 10 billion U.


    BP holds a 28.


    According to BP, the new partnership "is aimed at increasing the production of the entire Clair Ridge field.


    Greater innovation and the use of new technologies will enable BP to drill directional wells to more effectively obtain oil reserves.


    This cooperation means that BP, Baker Hughes and Oldfjell Drilling Company will set up a steering group composed of representatives of each company to jointly determine how to drill effectively.


    Marianne Davenport, Vice President of Baker Hughes European Oilfield Services, said: "Using advanced remote operation models and digital solutions, this alliance is an important milestone in the common journey towards safer, more profitable and less carbon-intensive operations.


      Just a few weeks ago, a report by the International Energy Agency (IEA) recommended a shift from fossil fuel production to renewable energy production.


      A government agency revealed to the media that after the British government reached an agreement in March to allow the North Sea area to continue to obtain offshore mining licenses, the partnership intends to continue exploration in the North Sea.


      In response to an e-mail question, the Department of Business, Energy and Industrial Strategy told Reuters: "We are working hard to reduce the demand for fossil fuels.


      "Moreover, we will not cancel the recently issued permits.


      However, as the host country of the United Nations Climate Change Conference (COP26) held in Glasgow, Scotland in November, and entrusted by the International Energy Agency to formulate a roadmap to achieve net zero emissions by 2050, the British government is facing controversy over this decision.


      Li Jun compiled from the oil price network

      The original text is as follows:

      UK Ramps Up North Sea Oil Production

      Oil production in the UK isn't dead just yet, as BP strikes a deal with Baker Hughes and Norway's Oldfjell Drilling to enhance production at the Clair Ridge heavy oil field following recent challenges to production.


      BP will use the latest technologies and expertise from this new partnership to boost drilling in 7 billion-barrel Clair Ridge, the UK's largest oil field.


      The Clair Ridge oilfield, which consists of two bridge-linked platforms, was developed in 2018 at a cost of $10 billion, with a projected output of 120,000 bpd of oil.


      BP operates the oilfield with a stake of 28.
    6%.
    Shell, ConocoPhillips and Chevron all also hold a stake in the field, with 28 percent, 24 percent and 19.
    4 percent respectively.

      BP stated that the new partnership "aims to improve production across Clair, initially targeting a 15 percent increase in average annual production on Clair Ridge, the second phase development of the field.
    This will be achieved through drilling the best quality wells safely and more efficiently and harnessing the skills and expertise of each company in a single collaborative team".

      Greater innovation and the use of new technology will allow BP to drill targeted wells to access the oil reserves more effectively.
    As crude oil in this region of the North Sea is much heavier than other lighter oil in other parts of the area it is harder to extract and will require the expertise of each company in the partnership for successful oil production.

      The partnership will mean the establishment of a steering group of representatives from BP, Baker Hughes and Oldfjell Drilling to make joint decision on effective well drilling.

      "Using progressive remote operations models and digital solutions, this alliance is an important milestone on the shared journey towards safer, more profitable and lower carbon intensity operations.
    ", stated Marianne Davenport, vice president for oilfield services Europe at Baker Hughes.

      This partnership comes just weeks after an International Energy Agency (IEA) report recommended a shift away from fossil fuel production in favour of renewable alternatives.
    However, the UK has made its stance clear, it has no intention of giving up on production in its oil -rich North Sea projects.

      A government body told media sources that it intends to continue exploration in the North Sea, after the government reached a deal in March allowing offshore licenses in the region to continue.

      "We are working hard to drive down demand for fossil fuels, however, there will continue to be ongoing demand for oil and gas," the UK department for Business, Energy and Industrial Strategy told Reuters in response to emailed questions.

      Further, "We will not be cancelling licenses that were recently awarded.
    Any future licenses are only awarded on the basis that they are aligned with the government's broad climate change ambitions, including the UK's target of reaching net-zero by 2050.
    "

      However, the UK government has faced controversy over this decision owing to its role as host to the UN Climate Change Conference (COP26) in Glasgow, Scotland, in November as well as being commissioned by the IEA to develop a path towards net-zero emissions by 2050.
    Critics say the UK's role at the helm of climate change talks is at odds with its stance on North Sea oil.

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