Asset Report
Clair
Report summary
BP operates the giant Clair oil field. It is located in the West of Shetlands, around 90 kilometres northeast of the Schiehallion field. Development has been challenging due to the hostile environment, the relatively heavy oil, low permeability and the complex structure of the reservoir. The field has been developed in phases due to its lateral extent:Clair Phase 1Approval for the first phase, involving a fixed steel platform in the southern area of the field, was given in 2001 and ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Unitisation
- Geology
- Well data
- Exploration
-
Reserves and resources
- In place volumes
- Recovery rate
- Production
-
Development
- Key development metrics
- Clair Phase 1
- Clair Ridge
- Clair South
- Decarbonisation - electrification potential at Clair
- Infrastructure
-
Costs
- Capital costs
-
Operating costs
- Field costs
- Transportation 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 34 images and tables including:
- Key facts: Table 1
- Index map
- Clair map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Production: Table 1
- Production: Table 2
- Clair production profile
- Infrastructure: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Development drilling
- Development: Table 2
- Development: Table 3
- Clair Phase 1
- Costs: Table 2
- Clair Ridge
- Costs: Table 4
- Clair 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 01/01/2023
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2023)
- 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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