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BP announces two new oil and gas discoveries in the North Sea

A map showing where the new discoveries are located. Picture from BP Press.
A map showing where the new discoveries are located. Picture from BP Press.

Energy giant BP has today announced two new oil and gas discoveries in the North Sea.

Tests are being carried out to find out how much is oil and gas is in the new finds. The discoveries, in the Capercaillie and Achmelvich fields, were made in the North Sea west of Shetland after wells were drilled last summer.

BP is hoping to double North Sea oil production to 200,000 barrels by 2020.

Light oil and gas-condensate was discovered in the Capercaillie well in Paleocene and Cretaceous-age reservoirs.

Oil was found in the Achmelvich well in a Mesozoic-age reservoirs.

Evaluation of the results is ongoing and BP said it was “assess future options” once the analysis is complete.

BP’s North Sea regional president Mark Thomas said it was an exciting time for the energy firm.

He added: “We are hopeful that Capercaillie and Achmelvich may lead to further additions to our North Sea business, sitting alongside major developments like Quad 204, which came onstream in 2017, Clair Ridge, due to come into production this year, and the non-operated Culzean field, expected to start-up in 2019.”