Asset Report
Buchan re-development
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Buchan oil field lies in the South Halibut Basin in the Central North Sea. It was one of the earliest oil discoveries in the North Sea. The field came onstream in 1978 but ceased production in 2017 due to integrity issues with the Buchan Alpha floating production unit (FPU). All original infrastructure was completely removed and decommissioned.Estimates suggested there are still commercially viable volumes left in the ground. The initial development concept for a redevelopment was for a ...
Table of contents
- Summary
-
Key Issues
- Uncertain investment climate delays project
- FPSO sale expiry
- Formation of NEO NEXT should provide fresh impetus
- FPSO will be electrification ready and have zero routine flaring and venting
- Future tie-backs and exploration prospects offer upside
- Capital costs
- Decommissioning costs
- Operating costs
- Global Economic Model (GEM) file
- Cash Flow
Tables and charts
This report includes the following images and tables:
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Capital Costs 2029 to 2032 (£ million)Capital Costs 2053 to 2056 (£ million)Operating Costs 2031 to 2040 (£ million)
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Cash Flow (US$)PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining PV Price SensitivitiesIndex mapBuchan re-development map
- 6 more item(s)...
What's included
This report contains:
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