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BP extracts first oil from North Sea expansion

After several rough years for oil production in the North Sea, BP is now ready to extract first oil from a reconstructed field. The investment is the first step in a major venture on the British North Sea Shelf.

Photo: BP/PR

The North Sea is far from a thing of the past for British oil major BP. The company has reiterated this sentiment and while its main competitor Shell has divested of activities in the North Sea and shut down fields, BP has increased investments in the area and heralded that it will be active in the British part of the North Sea until at least 2035 and likely longer.

One step in the company's North Sea venture concerns the oil fields in the area West of Shetland, and BP now reports that first oil has been extracted from the reconstructed field Schiehallion. The West of Shetland field is part of BP's investment in the area worth billions, and investment which has been dubbed Quad 204. Besides the Schiehallion field, the investments include a reconstruction of the Loyal field as well.

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