Asset Report
Schiehallion Area
Report summary
Schiehallion Area is located 140 kilometres west of Shetland and incorporates the Schiehallion, Loyal and Alligin fields.The first phase of development of the Schiehallion and Loyal fields was sanctioned in 1996. The fields were developed with a floating production, storage and offloading (FPSO) vessel. Six drill centres were tied back to the FPSO. The Loyal field has been developed as a subsea satellite to Schiehallion. The initial phase of the project ceased production in 2013.Quad 204In ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Operator contracts Ocean GreatWhite rig for latest drilling campaign
- Possible Cessation of Production (CoP) extension
- Fuel gas wells will be required from 2027
- Ben Lawers exploration well comes in dry
- Decarbonisation plans
- The Glen Lyon FPSO could host the Foinaven redevelopment
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
-
Production
-
Emissions
- Emissions reduction at the Glen Lyon FPSO
- North Sea Transition Deal
-
Emissions
-
Development
-
Key development metrics
- Glen Lyon FPSO supplier
- Initial development
- Development drilling
- Gas export
-
Key development metrics
-
Infrastructure
- Quad 204 Redevelopment export route
- Historical export route
-
Costs
- Capital costs
-
Decommissioning costs
- Schiehallion (2013-2016)
- Schiehallion Area (2036-2051)
-
Operating costs
- Emissions Trading Scheme (ETS)
- Schiehallion
- Loyal
- Alligin
- 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 36 images and tables including:
- Key facts: Table 1
- Index map
- Detail 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
- Schiehallion Area production profile
- Infrastructure: Table 1
- Schiehallion
- Costs: Table 2
- Loyal
- Costs: Table 4
- Alligin
- 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
- Development: Table 1
- Development: Table 2
- Costs: Table 6
- Costs: Table 7
- Costs: Table 8
- Costs: Table 9
- Costs: Table 10
- Costs: Table 11
What's included
This report contains:
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