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Asset Report 25 June 2024

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
            <p class="mega push--bottom store_landing__body">
                <div>
SummaryThe Shetland Gas Plant (SGP) was constructed between 2011 and 2015 to process gas volumes from the Greater Laggan Area (GLA) fields. The plant is adjacent to the EnQuest-operated Sullom Voe Terminal (SVT). After processing at SGP, dry gas is exported to St Fergus (NSMP) via the Shetland Island Regional Gas Export (SIRGE) pipeline, which was commissioned in 2016. SIRGE connects to the Frigg UK system at the MCP01 tie-in point. Condensates are exported via SVT. SGP received first gas ...</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Key facts
    </li>

<li class="list__item-toggle">
        <a href="#bcb93bca-872c-41a9-8108-e15267714a51" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="bcb93bca-872c-41a9-8108-e15267714a51" aria-expanded="false">
            Summary and key issues
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        <ul id="bcb93bca-872c-41a9-8108-e15267714a51" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Summary
            <ul id="3c672aca-e305-4d16-8b4f-8660cd88b2c6" class="push-half--left">
                    <li class="push-quarter--bottom">
        Summary
    </li>

</ul>
    </li>
    <li class="push-quarter--bottom">
        Key issues
            <ul id="60afe875-9162-49c2-b81d-222649f1d0b6" class="push-half--left">
                    <li class="push-quarter--bottom">
        TotalEnergies sells its GLA assets, including the Shetland Gas Plant, to The Prax Group
    </li>
    <li class="push-quarter--bottom">
        More throughput needed to maintain operations at Shetland Gas Plant
    </li>
    <li class="push-quarter--bottom">
        Economics will be helped by Victory tie-back
    </li>
    <li class="push-quarter--bottom">
        Glendronach downgrade due to marginal economics
    </li>
    <li class="push-quarter--bottom">
        Infill drilling and exploration upside
    </li>

</ul>
    </li>

<li class="list__item-toggle font-semibold">
        Location maps
    </li>

<li class="list__item-toggle font-semibold">
        Participation
    </li>

<li class="list__item-toggle">
        <a href="#18a13cb2-1d8c-4868-91f8-bfa6ace2d5ea" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="18a13cb2-1d8c-4868-91f8-bfa6ace2d5ea" aria-expanded="false">
            Development
        </a>
        <ul id="18a13cb2-1d8c-4868-91f8-bfa6ace2d5ea" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Shetland Gas Plant (SGP)
    </li>
    <li class="push-quarter--bottom">
        Shetland Islands Regional Gas Export (SIRGE) Pipeline
    </li>

</ul>
    </li>

<li class="list__item-toggle">
        <a href="#c3838e99-0de3-490c-aa71-c5d956dc31d1" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="c3838e99-0de3-490c-aa71-c5d956dc31d1" aria-expanded="false">
            Throughput
        </a>
        <ul id="c3838e99-0de3-490c-aa71-c5d956dc31d1" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Shetland Gas Plant throughput
    </li>
    <li class="push-quarter--bottom">
        SIRGE pipeline throughput
    </li>

</ul>
    </li>

<li class="list__item-toggle">
        <a href="#0463e0ad-c32f-47bc-a518-b442e28043de" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="0463e0ad-c32f-47bc-a518-b442e28043de" aria-expanded="false">
            Costs
        </a>
        <ul id="0463e0ad-c32f-47bc-a518-b442e28043de" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Shetland Gas Plant
    </li>
    <li class="push-quarter--bottom">
        SIRGE Pipeline
    </li>

</ul>
    </li>

</ul>

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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Key facts: Table 1</li><li class="list__item push-quarter--bottom">Map</li><li class="list__item push-quarter--bottom">Participation: Table 1</li>
     </ul>
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            View more tables and charts in this report
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        <ul class="list list--bullets panel-toggle" id="3d3db77faae840f7b1db2c23e368e6d0">
            <li class="list__item push-quarter--bottom">Participation: Table 2</li><li class="list__item push-quarter--bottom">Throughput: Table 1</li><li class="list__item push-quarter--bottom">Throughput: Table 2</li><li class="list__item push-quarter--bottom">Throughput: Table 3</li>
        </ul>
        
    </div>

</div>

<div class="col small-12 large-4 push--bottom">
                    
<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Shetland Gas Plant</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>2.48 MB</span>
</p>
</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Shetland Gas Plant</p>
<p class="uppercase delta">
    <span>XLS</span>
    <span>330.00 KB</span>
</p>
</li></ul>
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