High prices spur develoopment rush as North Sea production declines

摘要

The UK sector has seen BP press ahead with development of the 2003 Farragon oil find in block 16/28 as a two-well tie-back to Andtew,with a January 2005 start-up and a potential peak flow of 40,000 b/d.Meanwhile,ChevronTexaco has announced the go-ahead for Captain C,a subsea development of another sector of this well established North Sea heavy oil field.ExxonMobil is to develop the 130bn cf Arthur gas field(ex Camelot SE)as a tie-back to Thames for an end-2004 start-up.Tullow is planning to develop the Home and Wren gas fields in blocks 53/3c and 53/4b,with production flowing via Thames and giving a combined flow of 90mn cf/d after start-up in April 2005.