by Daniel J. Graeber
Washington DC (UPI) May 16, 2017
Royal Dutch Shell has started the process to take down legacy operations at the Bravo production platform in the North Sea, which supports the Brent oil field, Wood Group said.
The Scottish oilfield services company said it secured a contract from Royal Dutch Shell to start tearing down the platform. "Effectively immediately," the company said it was preparing the platform for removal and carrying out modifications so it can "operate on minimum manning mode."
The Brent field, the origin of the global benchmark for crude oil prices, is located about 115 miles north of the Shetland Islands. Since production began in 1976, the complex has represented about 10 percent of total British production. Field maturation, however, has forced the idling of the production platforms and Shell is in the midst of a multimillion dollar plan to take them down.
Operations at the Delta platform ended in 2011 and the Alpha and Bravo platforms were shut down in 2014. The company said plans for decommissioning include operations to deal with the more than two dozen pipelines connected to the Brent field.
Preparations for decommissioning began in 2006. Production from the Brent field will continue for several years using the remaining Charlie platform.
During the last decade, S&P Global Platts changed up the basket of what constitutes the benchmark by adding Forties, Oseberg and Ekofisk grades from the North Sea as production from the Brent field itself started to decline. With some of those other fields are starting to show their age, the agency in February said it would start adding oil from the Troll field in Norway.
Last year, the Troll field in the Norwegian waters of the North Sea reached its 1 billionth barrel of oil after 20 years in production.
Washington DC (UPI) May 15, 2017
More than $13 million in humanitarian assistance is on hand for Myanmar, the EU said, one week after a warning that energy security threatened its development. The European Union put $13.1 million forward to address humanitarian issues in Myanmar. Christos Stylianides, the European commissioner for humanitarian aid, said after a visit to the conflict-torn northern state of Rakhine that ... read more
All About Oil and Gas News at OilGasDaily.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|