This is the fourth FID announcement in the UK North Sea in 2018, which will result in further production growth for Shell following the decision to redevelop the Penguins field in the northern North Sea, the Alligin field West of Shetland and the Fram field in the Central North Sea.
“As Shell marks 50 years of production in the UK North Sea, today’s announcement to invest in the Arran field and to assume operatorship is further proof of our continued commitment to the UK”, saidSteve Phimister, Vice President for Upstream in the UK and Ireland.
“By working closely with partners to maximise the economic recovery of the North Sea, we’ve been able to transform and revitalise Shell’s UK Upstream business by focusing on competitive projects and operational excellence. Arran is an important addition to Shell’s portfolio as we seek to strategically grow our central North Sea production around the Shearwater hub.”
At peak production, Arran is expected to produce around 100 million standard cubic feet per day of gas and 4,000 barrels per day of condensate, which combined equates to 21,000 barrels of oil equivalent per day.
Four new development wells will be drilled and the natural gas and liquids they produce will be transported via a newly installed subsea pipeline to the Shearwater platform.
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Notes to Editors:
- The Final Investment Decision is subject to the Field Development Plan receiving approval from the OGA.
- The Arran field located in blocks P359a/b, P1051 and P1720in the Central North Sea.
- Arran will be a joint venture between Shell U.K. Limited (Operator, 44.57% equity share), Rockrose Energy (30.43% equity share), and Dyas UK Limited (25% equity share).
- Arran is located approx. 240 km (149miles) East of Aberdeen, in the Central North Sea, close to the UK/Norway median line in, 85m water depth
- The field was originally discovered in 1985.