Five questions answered on BP’s £330m Atlantic offshore oil investment

Appraisal drilling.

BP, along with a consortium of other oil and gas companies, announced today it will invest £330m in appraisal drilling in the Atlantic Ocean.

How many appraisal wells will they be drilling?

They will be drilling five appraisal wells over the next two years in the Clair field, located in the Atlantic Ocean, west of Shetland.

The field was originally discovered 35 years ago but initial drilling didn’t start until 2005.

Who are the other members of the consortium?

The consortium is made up of BP Shell, ConocoPhillips and Chevron.

Why have the consortium chosen now to expand drilling in the field?

Clair is expected to hold eight billion barrels of oil, but up until now it has been technically difficult to drill. The government’s new oil and gas strategy, which was unveiled recently, may also have encouraged further production.

The strategy includes the government working with the industry to tackle a looming skills shortage, partly by re-training military leavers to fill some of the 15,000 new jobs anticipated to be created in the oil and gas sector over the next five years. The government will also encourage more technological advancement through research and development, as well as commitment to a new £7m Neptune offshore technology centre of excellence in Newcastle.

What are the consortium’s future plans for the Clair field?

Depending on these initial drilling results up to 12 further wells could be drilled.

It is hoped the appraisal programme will lead to a third phase, taking production well beyond 2050. Any new oil would continue to be pumped by pipeline to Shetland.

Analysts are predicting that the Atlantic could over take the North Sea as the UK's biggest oil-producing region within 20 years.

What has the Energy and Climate Change Secretary Ed Davey said about this latest development in the Atlantic?

Davey said in a press release:

“This announcement by BP of a two year appraisal programme for the Greater Clair area West of Shetland is excellent news. It shows the industry’s commitment to maximise the potential in this area, which could hold up to 17 per cent of our oil and gas reserves. 

“Greater Clair proves there is still a long future for oil and gas production in the North Sea and will give confidence to new recruits that the industry offers a career for life.”

Photograph: Getty Images

Heidi Vella is a features writer for Nridigital.com

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Let's face it: supporting Spurs is basically a form of charity

Now, for my biggest donation yet . . .

I gazed in awe at the new stadium, the future home of Spurs, wondering where my treasures will go. It is going to be one of the architectural wonders of the modern world (football stadia division), yet at the same time it seems ancient, archaic, a Roman ruin, very much like an amphitheatre I once saw in Croatia. It’s at the stage in a new construction when you can see all the bones and none of the flesh, with huge tiers soaring up into the sky. You can’t tell if it’s going or coming, a past perfect ruin or a perfect future model.

It has been so annoying at White Hart Lane this past year or so, having to walk round walkways and under awnings and dodge fences and hoardings, losing all sense of direction. Millions of pounds were being poured into what appeared to be a hole in the ground. The new stadium will replace part of one end of the present one, which was built in 1898. It has been hard not to be unaware of what’s going on, continually asking ourselves, as we take our seats: did the earth move for you?

Now, at long last, you can see what will be there, when it emerges from the scaffolding in another year. Awesome, of course. And, har, har, it will hold more people than Arsenal’s new home by 1,000 (61,000, as opposed to the puny Emirates, with only 60,000). At each home game, I am thinking about the future, wondering how my treasures will fare: will they be happy there?

No, I don’t mean Harry Kane, Danny Rose and Kyle Walker – local as well as national treasures. Not many Prem teams these days can boast quite as many English persons in their ranks. I mean my treasures, stuff wot I have been collecting these past 50 years.

About ten years ago, I went to a shareholders’ meeting at White Hart Lane when the embryonic plans for the new stadium were being announced. I stood up when questions were called for and asked the chairman, Daniel Levy, about having a museum in the new stadium. I told him that Man United had made £1m the previous year from their museum. Surely Spurs should make room for one in the brave new mega-stadium – to show off our long and proud history, delight the fans and all those interested in football history and make a few bob.

He mumbled something – fluent enough, as he did go to Cambridge – but gave nothing away, like the PM caught at Prime Minister’s Questions with an unexpected question.

But now it is going to happen. The people who are designing the museum are coming from Manchester to look at my treasures. They asked for a list but I said, “No chance.” I must have 2,000 items of Spurs memorabilia. I could be dead by the time I finish listing them. They’ll have to see them, in the flesh, and then they’ll be free to take away whatever they might consider worth having in the new museum.

I’m awfully kind that way, partly because I have always looked on supporting Spurs as a form of charity. You don’t expect any reward. Nor could you expect a great deal of pleasure, these past few decades, and certainly not the other day at Liverpool when they were shite. But you do want to help them, poor things.

I have been downsizing since my wife died, and since we sold our Loweswater house, and I’m now clearing out some of my treasures. I’ve donated a very rare Wordsworth book to Dove Cottage, five letters from Beatrix Potter to the Armitt Library in Ambleside, and handwritten Beatles lyrics to the British Library. If Beckham and I don’t get a knighthood in the next honours list, I will be spitting.

My Spurs stuff includes programmes going back to 1910, plus recent stuff like the Opus book, that monster publication, about the size of a black cab. Limited editions cost £8,000 a copy in 2007. I got mine free, as I did the introduction and loaned them photographs. I will be glad to get rid of it. It’s blocking the light in my room.

Perhaps, depending on what they want, and they might take nothing, I will ask for a small pourboire in return. Two free tickets in the new stadium. For life. Or longer . . . 

Hunter Davies is a journalist, broadcaster and profilic author perhaps best known for writing about the Beatles. He is an ardent Tottenham fan and writes a regular column on football for the New Statesman.

This article first appeared in the 16 February 2017 issue of the New Statesman, The New Times