Asset Report
Buzzard
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 liquids production. It still accounts for around 6% of oil supply, although the field is now in decline. The development comprises three fixed steel installations and a fourth bridge-linked hydrogen sulphide (H2S) handling platform.Following ...
Table of contents
- Summary
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Key Issues
- Electrification of Buzzard looking less likely
- Buzzard Emissions Reduction Action Plan (ERAP)
- Forties Pipeline tariff
- Buzzard to become gas deficient in 2026
- Buzzard North Terrace
- Nearby exploration and appraisal
- Phase I
- Drilling
- 2 more item(s)...
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Phase II - North Terrace
- Contracts
- Sulphur extraction
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Capital costs
- Buzzard
- Buzzard Phase II - North Terrace
- Decommissioning costs
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Operating costs
- Emissions Trading Scheme (ETS)
- Cash flow
- Global Economic Model (GEM) file
- Cash Flow
- Cash flow (US$ million)
- Cash flow (£ million)
Tables and charts
This report includes the following images and tables:
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Capital Costs 2041 to 2046 (£ million)Cash Flow (US$)PV Table (US$)
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Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining Present Value Price SensitivitiesCash Flow (Local Currency)PV Table (Local Currency)Summary Table (Local Currency)Index map
- 12 more item(s)...
What's included
This report contains:
