Total Spearheads $3.8B Project Offshore UK
Total announced the launch of the Laggan and Tormore gas fields development in the offshore frontier region of the West of Shetland, subject to the United Kingdom Government's Department of Energy and Climate Change approval.
Total has also acquired the 10% interest in Laggan and Tormore previously held by Chevron North Sea Limited and the 20% interest previously held by ENI UK Limited. This brings Total's interest in this project to 80% alongside partner DONG E&P (UK) Ltd.
Yves-Louis Darricarrère, President Exploration & Production stated, "Total has demonstrated its capacity to successfully develop highly technological projects and continues to do so with the Laggan and Tormore fields, located in one of the most complex environments of the United Kingdom Continental Shelf. Bringing them to production will require near £2.5 billion (US $3.8 billion) investment. In taking the decision to develop this complex project, Total confirms its commitment in pursuing its investments in the North Sea and its long term objective towards helping to secure energy supplies for the United Kingdom."
This groundbreaking subsea project and its associated infrastructure is key to unlocking further opportunities in the Greater West Shetland region, prompting an increase in exploration and development activity in the area for Total and most notably for the overall industry.
Laggan and Tormore development
The Laggan and Tormore gas fields, which lie around 140 kilometers West of Shetland by 600 meters of water depth in blocks 206/1a, 205/4b and 205/5a, have global estimated reserves of around 230 million barrels of oil equivalent (boe). At peak, gas production rate of 500 million standard cubic feet per day is expected from the two fields, plus associated condensates (for a total production of 93,000 boe per day).
Construction work on the offshore gas infrastructure, and on a new gas processing plant at Sullom Voe on Shetland, will start almost immediately, with first gas production planned for 2014.
After processing at the new Sullom Voe plant, Laggan and Tormore gas will transit through a new 230 kilometers export pipeline from Shetland into the existing Frigg UK line and onward to the Total operated Saint Fergus gas terminal, located north of Aberdeen.
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