North Sea Buchan redevelopment moves closer

May 13, 2024
Jersey Oil and Gas hopes to secure approval later this year for the redevelopment plan for the Buchan Field in the UK central North Sea, operated by NEO.

Offshore staff

LONDON — Jersey Oil and Gas (JOG) hopes to secure approval later this year for the redevelopment plan for the Buchan Field in the UK central North Sea, operated by NEO.

The partners are in talks with Dana Petroleum, operator of the circular-shaped Western Isles FPSO, to transfer the vessel to Buchan for the initial phase of the Greater Buchan Area development project.

Pre-sanction FEED work remains on track, JOG added, with the first offshore survey vessel mobilizing recently to acquire geophysical and geotechnical data for finalizing the subsea and drilling rig contract tendering process, and to inform the FPSO mooring design.

The North Sea Transition Authority is supporting the planned use of a shuttle tanker for offloading produced oil from the FPSO, and work also continues on the preferred gas export route.

The partners, which also include Serica Energy, are in talks with companies awarded acreage last year in Crown Estate Scotland’s INTOG licensing round to connect the FPSO to one of the anticipated floating wind power developments in the area. Electrification would take place post-startup of Buchan.

JOG stressed that the project involves redeveloping an existing/known reservoir to maximize economic production; reuse of infrastructure through redeployment of an existing FPSO; and modifying the vessel to be ready for electrification to help meet North Sea emissions reduction targets.

05.13.2024

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