Maersk gets green-light to develop huge North Sea gas field
The British Authorities have granted Maersk Oil the right to develop the largest North Sea gas field discovered in the last decade. The production of 60 – 90 000 boe are expected over the next five years.
BY MAZ PLECHINGER
Maersk Oil has received approval from the British Oil and Gas Company (OGA) to begin development in the Culzean oil field, considered the largest field in the British share of the North Sea by analyst agency Wood Mackenzie. According to a Maersk press release, the project can now commence in 2019 according to schedule, continue for a minimum of 13 years and generate an projected 60 – 90 000 barrels of oil per day (boepd).
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