Asset Report
Buzzard
Report summary
Discovered in 2001, Buzzard was the largest oil discovery in the UK in over a decade. It is located in the Outer Moray Firth Basin, 100 kilometres northeast of Aberdeen.Production started in 2007 and the field has made a major contribution to UK production, and still accounts for around 6% of supply, although it is now in decline. The development comprises three fixed steel installations and a fourth bridge-linked H2S-handling platform.Following successful appraisal of the Buzzard North ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Infill drilling to stem production decline
- Partners looking at electrification options
- Forties Pipeline tariff
- Buzzard to become gas deficient in mid-2020s
- Future tie-back potential
- Location maps
- Participation
- Geology
- Well data
-
Exploration
- Future exploration
- Buzzard main field exploration and appraisal
- Buzzard North Terrace
- Nearby exploration and appraisal
- Reserves and resources
-
Production
-
Emissions
- Partners looking at electrification options
-
Emissions
-
Development
- Phase I
- Drilling
- Historical drilling
- Platforms and facilities
- Drilling
- Facilities
- Contracts
- Sulphur extraction
- Infrastructure
-
Costs
-
Capital costs
- Buzzard
- Buzzard Phase II - North Terrace
-
Operating costs
- Emissions Trading Scheme (ETS)
-
Capital costs
- Fiscal and regulatory
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Carbon price
- Exchange rate
- Fiscal terms
- Global Economic Model (GEM) file
-
Economic analysis
- Cash Flow
Tables and charts
This report includes 28 images and tables including:
- Key facts: Table 1
- Index map
- Buzzard map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Buzzard production profile
- Infrastructure: Table 1
- Development: Table 1
- Cash flow (US$ million)
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining Present Value Price Sensitivities
- Cash flow (£ million)
- Economic analysis: Table 5
- Economic analysis: Table 6
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Decommissioning costs
- Costs: Table 5
What's included
This report contains:
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