French energy company Total said Wednesday it started new production at gas and ultra-light oil fields that will contribute to its growth in the North Sea.

The company said it started production from the Edradour and Glenlivet fields in the waters west of the Shetland Islands. Production capacity is around 56,000 barrels of oil equivalent per day.

Arnaud Breuillac, the president of exploration and development for Total, said the market was favorable for new developments and the start-up of production came 30 percent under the original budget.

"This development will contribute to our production growth in the North Sea," he said in a statement.

The British government confirmed Total's field development plans in 2015. It came as a British budget plan was drawn up to boost exploration for new oil and gas reserves in British territorial waters. Ian Wood, who at the time led the drive to add vitality to the sector, said the package would help stimulate investor confidence in a North Sea oil and gas industry coping with the decline of older fields.

The region has seen renewed interest so far this year. North Atlantic Drill Ltd. was awarded a contract with Siccar Point Energy, an exploration and production company, to examine the waters west of Sheltand in June. Siccar Point said more than 100 million barrels of recoverable reserves have already been discovered there.

Though regional reservoirs are reaching the age of maturity, British energy company BP said it aims to double its North Sea production to 200,000 barrels of oil equivalent per day by 2020.

Working under the Quad 204 regional redevelopment effort, BP started new oil production from the Schiehallion area west of the Shetland area of the North Sea in May.

Tweet

Oil and gas wells as a strong source of greenhouse gases
Kiel, Germany (SPX) Aug 29, 2017
The pictures went around the world. In April 2010, huge amounts of methane gas escaped from a well below the Deepwater Horizon platform in the Gulf of Mexico. This "blow-out" caused an explosion, in which eleven people died. For several weeks, oil spilled from the damaged well into the ocean. Fortunately, such catastrophic "blow-outs" are rather rare. Continuous discharges of smaller amounts of ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com

Thanks for being here; We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor $5 Billed Once credit card or paypal		SpaceMediaNetwork Monthly Supporter $5 Billed Monthly paypal only