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UK Ramps Up North Sea Oil Production

While a number of other major North Sea oil producers are scaling back, BP and Baker Hughes have just struck a deal to do just the opposite ....

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UK: bp, Baker Hughes and Odfjell Drilling form alliance for Clair field

UK: bp, Baker Hughes and Odfjell Drilling form alliance for Clair field
27 May 2021
Baker Hughes and
Odfjell Drilling have entered into a tripartite agreement to work together to transform platform drilling and completions activity at the
bp-operated
Clair field – the largest oilfield in Western Europe.
A new five-year agreement, with the option to extend for a further four years, the Clair alliance aims to improve production across Clair, initially targeting a 15% increase in average annual production on Clair Ridge, the second phase development of the field.
This will be achieved through drilling the best quality wells safely and more efficiently and harnessing the skills and expertise of each company ina single collaborative team.This agreement sees the parties embark on a new progressive commercial relationship thatwill provide for sharing risk and reward.Itis an example of best practice oil and gas supply chain principles in action. ....

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BP forms partnership to boost Clair field production in UK North Sea

BP forms partnership to boost Clair field production in UK North Sea
28 May 2021 (Last Updated May 28th, 2021 12:32)
BP, along with Baker Hughes and Odfjell, aim to drill the best quality wells at the Clair field.
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The Clair oilfield is located 75km west of the Shetland Islands. Credit: Leo Dalitte on Unsplash.
BP has joined forces with Baker Hughes and Odfjell Drilling to improve production at the Clair oilfield in the UK North Sea.
The firms have signed a tripartite agreement to jointly work on transforming platform drilling and completions activity at the field.
The five-year risk-reward sharing agreement has an option to be extended for an additional four years. ....

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