Asset Report

Buchan re-development

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The Buchan oil field lies in the South Halibut Basin in the Central North Sea. It was one of the earliest oil discoveries in the North Sea. The field came onstream in 1978 but ceased production in 2017 due to integrity issues with the Buchan Alpha floating production unit (FPU). All original infrastructure was completely removed and decommissioned.Estimates suggested there are still commercially viable volumes left in the ground. The initial development concept for a redevelopment was for a ...

Table of contents

  • Summary
    • Uncertain investment climate delays project
    • FPSO sale expiry
    • Formation of NEO NEXT should provide fresh impetus
    • FPSO will be electrification ready and have zero routine flaring and venting
    • Future tie-backs and exploration prospects offer upside
  • Capital costs
  • Decommissioning costs
  • Operating costs
  • Global Economic Model (GEM) file
  • Cash Flow

Tables and charts

This report includes the following images and tables:

  • Capital Costs 2029 to 2032 (£ million)
  • Capital Costs 2053 to 2056 (£ million)
  • Operating Costs 2031 to 2040 (£ million)
  • Cash Flow (US$)
  • PV Table (US$)
  • Summary Table (US$)
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2026
  • Remaining PV Price Sensitivities
  • Index map
  • Buchan re-development map
  • 6 more item(s)...

What's included

This report contains:

  • Document

    Buchan re-development

    XLS 658.50 KB

  • Document

    Buchan re-development

    PDF 2.77 MB