Shell invests in North Sea gas field

Following the terms of an ownership agreement, the Dutch-British oil major is taking over operations and will take this year's fourth decision on financing its North Sea activities.

Photo: Royal Dutch Shell PR

Shell wants to develop the Arran field in the North Sea. The gas field, which is located in the British part of the North Sea only a few kilometers from Norwegian territorial waters, is expected to produce around 21,000 barrels of oil equivalent per day. The oil company is also taking over operations of the field, reports Shell, which does not disclose the economic scale of the investment.

The final decision is pending approval from joint venture partner RockRose's Field Development Plan submitted last month to the UK Oil and Gas Authority (OGA). If approved, the field will be Shell's fourth North Sea investment in since the new year. The oil company has previously announced the redevelopment of the Penguins field, an investment in the Alligin field west of the Shetland Islands as well as the Fram field in the central North Sea.

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