BP has announced a £130 million program to access up to 40 MMbbl of extra oil from the Magnus field area. Magnus, Britain's most northerly field, in block 211/2a, northeast of the Shetlands, came onstream in 1983 through a fixed platform. This facility still produces around 48,000 boe/d, thanks in large part to the recent Magnus Enhanced Oil Recovery pipeline, which imports lift-gas from BP's fields west of the Shetlands.
The new scheme, known as the Magnus Extension Project, will involve modifications to the platform, including the addition of new well slots. These will allow a further eight wells to be drilled from the platform during a continuous spell between end-2005 and mid-2008. Rig alterations, to enable extended reach drilling, will be implemented shortly.
BP's partners in Magnus are Nippon, Eni, and Marubeni.