Commenting on BP’s Vorlich development approval, Oil & Gas UK Upstream Policy Director Mike Tholen said:
“The Vorlich development gives us a view into the future of the UK Continental Shelf and news of its FDP approval will further bolster confidence in the region. BP’s focus on efficiency, innovation and collaboration confirms its commitment to maximising recovery from the basin.
“The use of existing infrastructure will be increasingly important as industry looks to unlock small pools. Oil & Gas UK’s recent Economic Report showed that these behaviours have the potential to add a generation of productive life to the basin. However, as our report warned, a continued supply chain squeeze could risk industry’s ability to go after this prize, and focus must remain on bringing more major projects to delivery.”
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