SCOTLAND’S LATEST NORTH SEA GAS FIELD DATED 04-07-2014

oil rig graphic

Yet another investment in Scotland’s waters dated 4th of July 2014

 

SCOTLAND’S LATEST NORTH SEA GAS FIELD DATED 04-07-2014

Just another logical reason to vote “YES”., for self governance!

 

Energy firms to invest £340m developing major North Sea gas field

 

 

Two leading energy firms plan to invest £340m in a major North Sea gas field.

 

Total and partner firm DONG will spend the cash developing the Edradour field west of Shetland.

 

Production is set to begin in late 2017 and the field is expected to produce the equivalent of 17,000 barrels of oil a day.

 

Total’s senior vice president for exploration and production in northern Europe, Patrice de Vivies, said: “Total is establishing a new strategic hub in the west of Shetland area.

 

“The development was put on hold in 2013 due to significant cost increases, but negotiations with contractors have reduced the costs to an acceptable level, allowing us to successfully launch the project.”

 

 

Edradour is located around 45 miles north east of Shetland. Plans for the field include converting the existing discovery well into a production well and building a ten-mile production pipeline tied into the neighbouring Laggan-Tormore development.
From the STV news dated 3rd of July 2014