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An oil rig in the middle of the ocean with the sun setting

Neptune Approves New North Sea Oil Project With BP – First Oil 2021

Investors have given the green light for the development of an oil and gas field off the coast of Aberdeen.

Neptune Energy along with its partners BP & Japex has agreed with a final investment decision to obtain Seagull field for production by the end of 2021.

The expected initial production of Seagull is about 50,000 barrels of oil and gas per day over its 10-year lifespan.

The subsea pipelines will link the wellhead to a nearby BP platform thus a new platform is not required for the field.

Source: Oil and Gas People

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