Asset Report
Clair
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The giant Clair oil field lies 75 kilometres west of Shetland at a water depth of 138 metres. Clair is by far the biggest field on the UKCS by remaining resources. It is also the largest oil producer with significant growth potential. By the end of the decade Clair could account for over 10% of UK oil production.Clair has been developed in phases due to its considerable lateral extent of over 200 square kilometres.Phase 1A fixed steel platform in the southern area of the field, approved in ...
Table of contents
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Summary
- Phase 1
- Clair Ridge (Phase 2)
- Clair Ridge Expansion (CRX, Phase 3)
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Key Issues
- Cost optimisation needed on CRX
- Clair Ridge falls short of initial expectations but new technology underpins recent success
- Post-2030 fiscal terms could have material impact on Clair's value
- Chevron considers sale of UK assets, including Clair
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Unitisation
- Phase 1
- Clair Ridge
- CRX
- Gas export options
- Drilling
- Emissions
- Capital costs
- Clair Phase 1
- Clair Ridge
- Clair Ridge Extension (CRX)
- Total decommissioning costs
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Operating costs
- Direct costs
- Cash flow
- Global Economic Model (GEM) file
- 3 more item(s)...
Tables and charts
This report includes the following images and tables:
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Field characteristics
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Contingent Resources (2C) at 01/01/2026Production (2015-2024)Clair production profileMain pipeline summaryCapital Costs Pre-2016 to 2024 (£ million)Capital Costs 2015 to 2024 (£ million)Capital Costs 2027 to 2033 (£ million)Capital Costs 2051 to 2058 (£ million)Cash Flow (US$)
- 16 more item(s)...
What's included
This report contains:
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