• 2018 July 20 14:27

    BP ETAP hub celebrates 20 years of production

    The Eastern Trough Area Project (ETAP) North Sea development, labelled by the Oil & Gas Authority (OGA) as the “poster child” for its Maximising Economic Recovery (MER UK) strategy, celebrates 20 years of production today, with the key hub expected to operate into the mid-late 2030s, BP press release said.

    ETAP, often regarded as one of the most ambitious and commercially complex developments in the North Sea, comprises multiple fields with varying ownership arrangements sharing a central processing facility (CPF).

    At the time of development, the individual reservoirs were not deemed to be commercially viable on a stand-alone basis, so the ETAP alliance was formed to develop the fields as one joint development.

    It came on stream in July 1998 with an estimated production life of 20 years. However, a $1billion investment programme in 2015 breathed new life into the hub, securing its future well into the 2030s.

    Intially seven fields, four operated by BP and three by Shell produced through the CPF. Two further BP-operated fields came online four years later in 2002, bringing the total number of fields producing through the CPF to nine. Two of the Shell fields have since ceased production. Day-to-day production operations of the remaining seven ETAP fields are controlled by BP from the CPF.

    In its two decades of operations, more than 550 million barrels of oil equivalent (gross) has been produced from the BP-operated ETAP fields.

    BP North Sea Regional President Ariel Flores said: “ETAP embodies the pioneering and innovative spirit the North Sea is renowned for around the world and shows what can be achieved when companies work together for the greater good of the region.

    “When the project was sanctioned in the mid-1990s, BP and our ETAP joint venture partners were applauded for our unique collaboration and high level of innovation. Here we are 20 years later, continuing to push boundaries in maximising recovery and extending field-life. ETAP remains a key asset in BP’s refreshed North Sea portfolio and our enduring North Sea presence.”

    Dr Andy Samuel, Chief Executive of the Oil and Gas Authority added: “ETAP stands out as one of the great MER UK stories - a ‘poster child’ for MER UK, even before the concept existed.

    “Most impressive has been the great leadership and collaboration from the owners, investing significantly over decades to unlock substantial value in innovative partnership with service companies. The area still has an exciting future, with plenty to play for and the potential for further discoveries to be tied back.”

    The collaborative spirit of the ETAP alliance received industry-wide recognition in 2016 when BP and partners won the inaugural OGA Maximising Economic Recovery (MER UK) Award at the annual Oil & Gas UK Awards.

    The team, having recognised that the historic commercial agreements for ETAP were becoming a barrier to further investment and resource recovery, set about to realign ownership interests, decision-making and cost-sharing mechanisms to reflect the remaining value in the fields.

    The changes created a sustainable framework that has helped stimulate investment and change joint venture owner behaviours.




2018 October 23

18:01 Sea trials of SMK-2187, modular search-and-rescue boat of Project 23370М, completed in Kamchatka
17:29 Stevedoring division of UCL Holding handled 27.2 million tonnes of cargo in 9M’18
17:00 Throughput of Chinese ports grew by 4.3% to 6.92 billion tonnes in 9M’18
16:05 MPC Maritime acquires three Panamax-sized container vessels
15:22 Pirate attack averted off the east coast of Somalia
15:03 WinGD set to increase technical capacity through new Engineering Centre in Shanghai
14:57 KfW IPEX-Bank and Commerzbank finance third expedition ship for Hapag-Lloyd Cruises
14:15 Crowley christens Commitment Class combination container/roll on-roll off ship
13:40 Port of Immingham is home to award-winning rooftop solar array
13:14 Verifavia Shipping signs cooperations with two major global ship managers
12:26 Bunker prices are flat in the Far East ports of Russia (graph)
12:01 OOCL introduces new Asia – West Africa direct services
11:42 RS class: new supertanker successfully performed ship-to-ship LNG bunkering
11:24 DP World reports 3.7% gross like - for - like volume growth in 9m 2018
10:59 Woodside signs cooperation agreement with ENN
10:35 INPEX-operated Ichthys LNG Project commences LNG shipment
09:58 Brent Crude futures price down 0.38% to $79.53, Light Sweet Crude – down 0.27% to $69.17
09:24 IMO approves a programme of actions to deliver the initial strategy on reducing greenhouse gas emissions from ships.
09:17 Baltic Dry Index is up to 1,579 points
07:14 GTT receives a new order from DSME for the tank design of an LNG carrier

2018 October 22

18:33 Rolls-Royce and Sunseeker agree new framework agreement for supply of MTU engines
18:32 OOCL introduces new Mediterranean and West Africa direct service
18:29 Rotterdam expects record 50,000-tonne shipment of pig iron
18:01 Arctic Council meeting of Environment Ministers ends with talks about future cooperation
17:39 IMO's Marine Environment Protection Committee meets
17:16 Glavgosexpertiza approves modernization of onshore facilities in Salekhard
16:22 Humber International Enterprise Park plans reshaped after public feedback
15:34 Nornickel’s Polar Transportation Division carried 2.4 million tonnes of cargo in navigation season 2018
15:10 ESPO congratulates Port of Valencia, Ports of Bremen, Port of Moerdijk and Port of Tangier for renewing Ecoports’ Environmental Standard
14:17 Sovcomflot named a finalist in four different categories of 2018 Lloyd’s List Global Awards
13:55 Onezhsky Shipyard delivered ice-class buoy tender named Fortuna
13:23 Pavilion Energy and BW ink deal for long-term charter of two Singapore-flagged LNG newbuilds
12:58 Average wholesale prices for М-100 HFO down to RUB 21,455 in RF spot market
12:36 LUKOIL BoD recommends interim dividend amount
12:13 Bunker sales at the port of Singapore in 9M’18 down 1.5% Y-o-Y to 37.46 million tonnes
11:51 Power of gender diversity on the agenda at Seatrade Maritime Middle East
11:32 Container throughput of port Hong Kong (China) down 5.6% to 14.69 million TEUs in Jan-Sep’18
11:09 Abu Dhabi Ports collaborates with MSC Mediterranean Shipping Company on international blockchain solution Silsal
10:50 Port of Singapore throughput in 9M’18 grew by 0.9% Y-o-Y to 470.49 million tonnes
10:28 Brent Crude futures price up 0.69% to $80.34, Light Sweet Crude – up 0.68% to $69.76
10:09 NYK PCTC receives special award from the Association for Rescue at Sea
09:47 STLC to obtain additional RUB 5.9 billion of federal subsidies in 2018
09:15 Baltic Dry Index is up to 1,765 points
09:06 ABS awards AIP to HHI’s standardized FPSO topside
08:08 DP World, UAE Region wins Terminal Operator of the Year at Maritime Standards Awards
06:22 ABS awards AIP to HHI’s deepwater FLNG hull

2018 October 21

08:54 20,000 TEU COSCO SHIPPING Sagittarius named in Shanghai
08:50 CFO Paul Smits leaves the Port of Rotterdam Authority
07:52 COSCO SHIPPING starts shipment of Toyota exhibits

2018 October 20

08:47 Boskalis, Van Hattum en Blankevoort and Mobilis construct deep-sea quay for the new HES Hartel Tank Terminal at Maasvlakte
08:10 Navios Partners announce filing of F - 1 for direct listing of Navios Containers
08:06 Maersk Line increases FAK rates for Northern Europe to Middle East and ISC trade
08:04 U.S. Navy contracts Austal to order materials for EPF 13
07:44 EU Commission launches the European Network of U-space Demonstrators

2018 October 19

18:42 ABN AMRO, Samsung SDS and the Port of Rotterdam Authority launch container logistics blockchain pilot
18:07 Stena Line's battery hybrid vessel completes its first month of operation
17:56 ABN AMRO, Samsung SDS and Port of Rotterdam Authority launch container logistics blockchain pilot
17:35 Port of Gdansk participated in the CILF 2018 fair in China
17:11 Gdansk pays a visit to Singapore
16:57 Testbed established for Internet of Ships Open Platform