Discovery and Development
BP originally discovered oil in the Palaeocene rock in block 16/28 of the UKCS in 1974, with further appraisal work conducted by ConocoPhilips the following year. A gas reservoir was also discovered in the Cretaceous rock below the Palaeocene.
At the time, the small size of the field made it uneconomical to develop. It was not until twenty years later when BP put together an alliance of seven contractors to share in the risk of development, including Brown & Root, Santa Fe, Saipem, Highlands Fabricators, Allseas, Emtunga and Trafalgar House.
In 1994, the project was sanctioned and first oil was produced from predrilled wells in 1996.
Read more about this topic: Andrew Oilfield
Famous quotes containing the words discovery and/or development:
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—Letty Cottin Pogrebin (20th century)
“The proper aim of education is to promote significant learning. Significant learning entails development. Development means successively asking broader and deeper questions of the relationship between oneself and the world. This is as true for first graders as graduate students, for fledging artists as graying accountants.”
—Laurent A. Daloz (20th century)