Shell & Exxon Get Green Light for Carrack Field

Shell and ExxonMobil have received approval from the UK government to develop the Carrack gas field in the southern sector of the North Sea. The field is expected to begin production in late 2003 with. The peak production rate is expected to be approximately 160 million cubic feet per day and the field will have an operating life of 15 - 20 years. Development costs are estimated at 150 million pounds.