Welcoming the announcement that BP will develop its Alligin and Vorlich fields, Deirdre Michie, Chief Executive of Oil & Gas UK, said:
“This is another exciting announcement from BP following its recent exploration success in its Capercaillie and Achmelvich wells along with Quad 204 coming on stream in 2017 and production due to start from Clair Ridge later this year. Ambitious projects like these demonstrate the potential that still exists in the UK Continental Shelf and are a positive endorsement by a supermajor of the future of the basin. Capital investment is progressively returning to the North Sea with the number of projects approved this year so far more than the whole of last year. Around 16 projects could get the go-ahead this year and that’s good news for the supply chain, the economy and the hundreds of thousands of UK jobs still supported by our sector.”
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