The Buchan oil field is a small oil field with small gas reserves in the central North Sea. It lies in an area known as the South Halibut Basin, approximately 120 miles (190 km) northeast of Aberdeen, Scotland, and is located mainly in license block 21/1A, extending into block 20/5A(E). The field was discovered in August 1974, two years after the issue date for those blocks.
Buchan was initially considered a very risky field, both commercially and operationally, and was expected to be finished with after five years. The field's geology created significant difficulties at the start of its development, but the development of new drilling and extraction technology has made possible a continuing increase in its recoverable reserves. It is thought that Buchan will continue to play an important part in the North Sea and that further technological breakthroughs will allow continued production of this field to at least 2018.
Read more about Buchan Oil Field: Exploration, Geology, Drilling, Development, Future
Famous quotes containing the words buchan, oil and/or field:
“Civilization is a conspiracy.... Modern life is the silent compact of comfortable folk to keep up pretences.”
—John Buchan (1875–1940)
“Oh Gull of my childhood,
cry over my window over and over, take me back,
oh harbors of oil and cunners, teach me to laugh
and cry again that way that was the good bargain
of youth....”
—Anne Sexton (1928–1974)
“The woman ... turned her melancholy tone into a scolding one. She was not very young, and the wrinkles in her face were filled with drops of water which had fallen from her eyes, which, with the yellowness of her complexion, made a figure not unlike a field in the decline of the year, when the harvest is gathered in and a smart shower of rain has filled the furrows with water. Her voice was so shrill that they all jumped into the coach as fast as they could and drove from the door.”
—Sarah Fielding (1710–1768)