New cross oil and gas
New Cross Oil and Gas is a significant discovery in the North Sea, located approximately 150 kilometers east of Aberdeen, Scotland. Here are some key facts about the discovery:
- Location: The New Cross Oil and Gas field is situated in Block 9/13a in the Central North Sea, at a water depth of approximately 100 meters.
- Operator: The operator of the field is Shell UK Limited, a subsidiary of Royal Dutch Shell.
- Discovery: The field was discovered in 1997, and the initial estimate of recoverable oil and gas was around 100 million barrels of oil equivalent (mmboe).
- Production: The field started producing oil and gas in 2004, and it has been in production ever since. The initial production rate was around 30,000 barrels of oil per day (bbl/d).
- Reserves: The estimated recoverable reserves of the field have been revised upward over the years, and the current estimate is around 250 mmboe.
- Infrastructure: The field is connected to the Shell-operated Brent Pipeline System, which transports the oil and gas to the Sullom Voe Terminal in Shetland, Scotland.
- Field life: The field is expected to remain in production until around 2030, although this timeline may be extended or shortened depending on various factors, including oil prices and production rates.
- Environmental considerations: The field is designed to minimize its environmental impact, with measures in place to prevent oil spills and protect marine life.
- Economic significance: The New Cross Oil and Gas field is an important contributor to the UK's oil and gas production, and it has generated significant revenue for the country.
- Future development: There are ongoing efforts to develop the field further, including the potential for additional drilling and infrastructure upgrades to increase production and extend the field's life.
Overall, the New Cross Oil and Gas field is a significant discovery in the North Sea, and it has played an important role in the UK's oil and gas industry for many years.