Project Profile
Value: Undisclosed
Location: License block 21/1A, extending into block 20/5A(E), central North Sea, South Halibut Basin, approximately 120 miles (190 km) northeast of Aberdeen, Scotland, UK
Production: 2,000 Barrels per day
Reserves: 90 MMBBL (of which 71.5 MMBBL been produced)
Start-up Year: 1981
The Buchan oil field is a small oil field with small gas reserves in the central North Sea. It lies in an area known as the South Halibut Basin, approximately 120 miles (190 km) northeast of Aberdeen, Scotland, and is located mainly in license block 21/1A, extending into block 20/5A(E). The field was discovered in August 1974, two years after the issue date for those blocks. Production is currently at 32,000 Barrels per day. Buchan A is a 19,404 tonne (full load displacement) or 12,033 tonne (lightweight) semisubmersible platform in the Buchan field. Production commenced in 1981 and original recoverable reserves are estimated at 90 MMBBL of which 71.5 MMBBL have already been produced.
Buchan was initially considered a very risky field, both commercially and operationally, and was expected to be finished with after five years. The field\'s geology created significant difficulties at the start of its development, but the development of new drilling and extraction technology has made possible a continuing increase in its recoverable reserves. It is thought that Buchan will continue to play an important part in the North Sea and that further technological breakthroughs will allow continued production of this field to at least 2018.
Operator:
Talisman Energy: Operator with 100% interest
Contractor:
Veolia: Buchan Alpha decom work.
Wood Group: engineering and modifications services
Stork (Fluor subsidiary): a two-year contract to deliver a range of integrated fabric maintenance services, asset support services, access solutions and specialist services. (July, 2016)