Shell Receives Approval for Goldeneye

Shell has received approval from the UK government to develop its Goldeneye field in the North Sea. Goldeneye has 500 billion cubic feet of gas reserves and 17 million barrels of condensate. Production is expected to begin by the fourth quarter of 2004. "The Goldeneye venture highlights the continuing development of the UKCS and will be a significant contribution to security of UK gas supplies," said UK energy minister Brian Wilson. "The tieback carrying reservoir fluids to shore from Goldeneye will be the longest on the UKCS," he added. He said building onshore facilities will bring around 300 construction jobs to the St Fergus terminal.

Goldeneye's 105-kilometer pipeline will connect a normally unattended wellhead platform offshore to new onshore processing facilities at St Fergus. All of the field's produced gas, water and condensate will be transported together under reservoir pressure through the pipeline to the onshore terminal for processing. This will be the first time this type of development applied to a condensate field has been attempted on the UKCS.

Partners in the field are Esso Exploration & Production UK Ltd, Lasmo (TNS) Ltd, Paladin Expro Ltd and Veba Oil & Gas UK Ltd.