BP has reached a major milestone with the sail away of its Glen Lyon FPSO from the Hyundai Heavy Industries yard in South Korea to the Quad 204 redevelopment in Shetland.
The unit, which is 270metres long and 52metres wide, will be one of the largest FPSOs in the North Sea upon its arrival.
Drilling has already started on the field with Odfjell Drilling’s Deepsea Aberdeen on a seven-year contract in the field.
Trevor Garlick, regional president for BP’s North Sea business said: “The Schiehallion and Loyal oil fields are established assets with a strong future and through this investment, we and our
co-venturers Shell and OMV are taking some significant steps to maximise the greater potential we now see in these fields.”
The Schiehallion field was discovered in 1993 with production starting in 1998 from the Schiehallion FPSO.
The Glen Lyon FPSO will be replace the Schiehallion on its arrival in the North Sea.
BP owns 36.3%, while Shell has a 54.03% and OMV 9.67%.
Paul Goodfellow, Shell UK’s Upstream director, said: “The departure of Glen Lyon marks a key milestone in this important project. It will, when complete, boost the UK’s oil and gas production.
“The project is an example of the strategic activity necessary to help to maximise economic recovery of oil and gas from the UK North Sea, and secure a long-term future for the country’s offshore industry.”