The FINANCIAL -- BP announced that approval has been received from the Oil and Gas Authority (OGA) to proceed with the Vorlich development in the central North Sea, which will target 30 million barrels of oil equivalent, expected to produce 20,000 barrels gross of oil equivalent a day at peak.
The £200 million project is part of a programme of North Sea subsea tie-back developments that seek to access important new production from fields located near to established producing infrastructure.
Vorlich, a two-well development approximately 241 kilometres east of Aberdeen, will be tied back to the Ithaca Energy-operated FPF-1 floating production facility, which lies at the centre of Greater Stella Area production hub. Ithaca has a 34% interest in Vorlich.
The field is expected to come onstream in 2020.
BP North Sea Regional President Ariel Flores said: “BP is modernising and transforming the way we work, with a focus on accelerating the pace of delivery of projects like Vorlich. Without compromising safety, we want to simplify our processes, reduce costs and improve project cycle time to increase the competitiveness of our North Sea business. This is increasingly important as competition for global investment funds gets stiffer.
Scott Robertson, Central North Sea (CNS) Area Manager at the Oil and Gas Authority (OGA), said: “The OGA has been actively involved throughout the Vorlich project and is pleased to approve this development. The field will make an important contribution to our Maximising Economic Recovery UK (MER UK) priority as a valuable tieback utilising existing infrastructure and by maximising value from the Greater Stella Area hub.”
In April, BP announced its intent to develop Vorlich and Alligin, another project in its subsea tieback programme. Alligin is a two-well development west of Shetland which will be tied back to BP’s Glen Lyon floating, production, storage and offloading (FPSO) vessel.
Alligin (BP 50% operator; Shell 50%) is a 20-million-barrel recoverable oil field in the Greater Schiehallion Area, located approximately 140 kilometres west of Shetland.