RDSA Shell Plc

   By Ian Walker 
 

BP PLC (BP.LN) said Tuesday that it will drill two new North Sea developments which are expected to come on stream in 2020, and to have peak production of 30,000 barrels of oil equivalent per day gross.

The oil major said Alligin and Vorlich are satellite fields located near to existing infrastructure, meaning they can be quickly developed through established offshore hubs.

BP has a 50% interest in Alligin and is operator while Royal Dutch Shell PLC (RDSB.LN) has the other 50%. BP is also operator of Vorlich with a 66% interest, while Ithaca Energy has the remaining share.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

April 10, 2018 08:13 ET (12:13 GMT)

Shell (LSE:RDSA)
Historical Stock Chart
From Mar 2024 to Apr 2024

Shell (LSE:RDSA)
Historical Stock Chart
From Apr 2023 to Apr 2024