14-Oct-2011 Source: HeliHub.com
Oil giant BP has announced that they will proceed with a new Â£4.5 Billion oil project west of the Shetland Islands off the north east Scottish coast of the uK.Â The BP-operated scheme is an extension of the existing Clair oil field, and will also include investment by fellow oil firms Shell, ConocoPhillips and Chevron.
The Â£4.5bn Clair Ridge scheme comes after BP and its partners revealed plans earlier this year for a Â£3bn redevelopment of the Schielhallion and Loyal fields, also to the west of the Shetland Islands.
In addition, they are investing Â£700m in the development of the Kinnoull field in the central North Sea, as well as Â£550m in the North Sea’s Devenick gas field in association with Germany’s RWE.
BP says these projects will provide a combined 3,000 new jobs across the oil and gas supply chain.Â We look forward to the knock-on effects on helicopter support
Jeremy Parkin – HeliHub.com