BP announced that the new Glen Lyon floating production storage and offload (FPSO) vessel has started sea trials in preparation for work on the Quad204 development in the west of Shetland UK North Sea.
BP owns 36.3% interest, along with Schiehallion co-venturers Shell (54.03%) and OMV 9.67%.
Go deeper with GlobalData
Measuring 270m-long by 52m-wide, the vessel will serve as the hub for the 450 million barrel Quad204 project, which is redeveloping the Schiehallion and Loyal fields in order to extend production to beyond 2035.
Glen Lyon will be able to process and export up to 130,000 barrels of oil a day with a capacity to store up to 800,000 barrels.
BP North Sea business regional president Trevor Garlick said: "The Schiehallion and Loyal oil fields are established assets with a strong future and through this investment, we and our coventurers Shell and OMV are taking some significant steps to maximise the greater potential we now see in these fields."
As part of the project, the FPSO will be connected and commissioned and new production and injection wells would be drilled.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe project will also involve upgrading the subsea pipeline, manifold and wellhead infrastructure that will enable the full development of the reserves.
Production at the fields started in 1998 and has since produced nearly 400 million barrels of oil.
BP and its co-venturers also plan to use polymer-based enhanced oil recovery (EOR) technology.
Image: The Glen Lyon FPSO vessel measures 270m-long. Photo: courtesy of BP plc.
