Thursday 28 March 2013

Oil & Gas UK Welcomes BP's Investment in Clair

Oonagh Werngren, Oil & Gas UK's operations director, said: "We welcome the news that BP is investing significantly in appraising the third phase of its Clair field to the west of Shetland. By applying the latest technologies, BP and its partners have, through continued investment over a number of years, unlocked significant potential that had previously lain unexplored. The Clair field is proving that there are exciting giant fields still to be explored on the UKCS.

“Further recovery of oil and gas from fields like Clair provides a boost to the economy, not only contributing much-needed tax revenues and strengthening our energy security but also presenting opportunities for our world-leading supply chain to provide the required technology and expertise. This underlines the success and importance of recent and continuing close engagement between the government and industry on the business environment." Ends

Details of the announcement are here.