Asset Report
Clair
Report summary
BP operates the giant Clair oil field, which lies 75 kilometres west of Shetland. Clair is by far the biggest field on the UK Continental Shelf by remaining resources. It is also the largest oil producer with significant growth potential. By the end of the decade Clair could account for as much as 15% of UK oil production.Development is challenging due to the harsh North Atlantic environment, the relatively heavy oil, low permeability and the complex reservoir structure. Hydrocarbons are ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Unitisation
- Geology
- Well data
- Exploration
- Reserves and resources
-
Production
-
Emissions
- Electrification under review at Clair
- Other decarbonisation initiatives
-
Emissions
-
Development
- Clair Phase 1
- Clair Ridge
- Clair Phase 3 (South)
- Infrastructure
-
Costs
- Capital costs
-
Operating costs
- Direct costs
- Transportation costs
- Emissions Trading Scheme (ETS)
- 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 34 images and tables including:
- Key facts: Table 1
- Index map
- Clair map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Clair production profile
- Infrastructure: Table 1
- Drilling
- Development: Table 2
- Development: Table 3
- Clair Phase 1
- Costs: Table 2
- Clair Ridge
- Costs: Table 4
- Clair Phase 3 (South)
- Decommissioning costs
- Costs: Table 7
- 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 8
What's included
This report contains:
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