Marine Link
Saturday, December 3, 2016

Shell to Increase Participation in the Beryl Area Fields

October 25, 2012

Shell signed an agreement with Hess (HES) to acquire its interests in the Beryl area fields and the Scottish Area Gas Evacuation System (“SAGE”), for $525 million.


The Beryl Area includes 12 fields located on the UK Continental Shelf. The fields are operated by Apache and with the acquisition Shell’s interest in the different fields will increase by a range of between 9-65% depending on the field.


The Beryl cluster has a far longer anticipated lifetime than originally thought and may produce for a further two decades. The acquisition should help to enhance the performance and economic potential from key Shell North Sea operated and non-operated assets, lifting Shell’s production in the Beryl area fields from currently 9 thousand boe/d to 24 thousand boe/d. Shell intends to invest in these assets to substantially extend the production life, for potentially a further 20 years.

 



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News