BP Confirms Clair Ridge Jackets in Place

BP reported Wednesday that it and its partners in the Clair Ridge development have successfully installed the North Sea project's platform jackets, marking a major milestone.

Clair Ridge is a $7 billion (GBP 4.5billion) investment in the second phase of development on the Clair field which lies 45 miles to the west of the Shetland Islands. The project will comprise two new bridge-linked platforms, as well as new pipeline infrastructure to connect to processing facilities on Shetland.

The development will have the capability to produce an estimated 640 million barrels of oil over a 40 year period, with peak production expected to be up to 120,000 barrels of oil per day. The project is headquartered in London, where more than 750 people are currently employed.

Approximately half of the Clair Ridge investment is occurring in the UK, with more than 80 British companies providing engineering design and support services, hook up and installation services, manpower and a wide range of engineered equipment

BP said that the next major milestone is the installation of the topsides, which is scheduled in 2015. Production is expected to commence in late 2016.

Trevor Garlick, regional president for BP's North Sea business commented in a company statement:

"Less than two years ago we announced our decision to invest in the giant Clair Ridge project. The safe installation of the two jackets in to the sea bed is a fantastic achievement by the project team, and is a very visible sign of our commitment to maintaining a successful long term business in the UK."



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