It’s no secret that the UK has a declining basin and as the country transitions to net zero, oil and gas platforms will cease production and later be decommissioned. However, which asset will be the last one standing?
Energy giant BP said today that non-essential staff were returning to its Clair platform after an electrical fault led to a partial down-manning last week.
The discovery of Forties marked a major turning point in the North Sea’s history and now 50 years on our sector finds itself at another exciting crossroads, writes Emeka Emembolu.
Australia-based Spark Exploration is aiming to find partners in the first half of this year for its West of Shetland licences, which potentially contain north of a billion barrels of oil.
BP is preparing a number of responses for dealing with oil that leaked from its Clair platform, but thinks letting it disperse naturally at sea is the best option, the company said today in a statement.