Asset Report
Schiehallion Area
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Schiehallion Area is located 140 kilometres West of Shetland and incorporates the Schiehallion, Loyal and Alligin fields. Schiehallion and Loyal were sanctioned in 1996 and were developed with a floating production, storage and offloading (FPSO) vessel. Six drill centres were tied back to the FPSO. Loyal is a subsea satellite to Schiehallion. Although now mature, the Schiehallion Area is still a core part of BP and Shell's UK portfolios with significant reserves remaining. Schiehallion ...
Table of contents
- Summary
-
Key Issues
- Ongoing drilling campaign helps maximise production
- Field life extension work
- The Glen Lyon FPSO could host a Foinaven redevelopment
- The FPSO will become gas deficient by 2027
-
Emissions
- Schiehallion
- Loyal
- Alligin
-
Subsea
- Glen Lyon FPSO
- Drilling
- Gas export
-
Capital costs
- Schiehallion
- Loyal
- Alligin
-
Decommissioning costs
- Schiehallion (2013-2016)
- Schiehallion Area (2036-2051)
-
Operating costs
- Schiehallion
- Loyal
- Alligin
- Cash flow
- Global Economic Model (GEM) file
- Alligin
-
Loyal
- Schiehallion
Tables and charts
This report includes the following images and tables:
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Cash Flow (US$)PV Table (US$)Summary Table (US$)
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Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining Present Value Price SensitivitiesCash flow (US$ million)Cash flow PV (US$ million)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - Undiscounted
- 29 more item(s)...
What's included
This report contains:
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