AL-SHAHEEN. It bought French utility company Engie’s North Sea portfolio last year for £3.9bn. Cessation of Production approved Aug 2016, Cessation of Production approved September 2016, Proposed gas storage facility, not taken forward, Bacton via recommissioned Thames pipeline, Camelot (central south, north & northeast), Caravel QA and QR Normally Unattended Installation (NUI), Production ceased, now a hub for Easington Catchment Area, LOGGS until Aug 2018, Clipper from Nov 2018, Well plugging and abandonment completed August 2019, full decommissioning by 2022, 48/29A-FTP, 48/29A-P, 49/29B, 48/29C, 52/5A, 49/23AT/AC/AQ, 49/23CD/CP, 49/23D, 49/18A, 49/18B, Ganymede, Sinope, Callisto, Europa, N.W.Bell, 27AD/AP/AC/AQ/AX, BD/BP/BT, CD/CP, DD/DP, ED/EP, FD/FP, G, H, J, LOGGS (Lincolnshire Offshore Gas Gathering System), 49/05a 49/10b (also blocks J3b and J6 Netherlands), Cessation of production justification submitted April 2016, Saturn, Mimas, Hyperion, Atlas, Rhea, Tethys, Viking 'A' field (Viking North) decommissioned 1991 'A' field platforms (except AR) removed 1993-4, Viking South, original export via Viking AR, then via LOGGS, Viking CD, DD, ED, GD & HD ceased production 2011–15, removed 2017-18, Alma FPSO (Floating Production, Storage and Offloading) Enquest Producer, Teesside via CATS (Central Area Transmission System), St Fergus via SAGE (Scottish Area Gas Evacuation), Formerly Transworld Petroleum, Talisman Energy, Repsol Sinopec, Buzzard Wellhead, Production, Utilities, Sweetening platforms, the largest discovery in the last 25 years, Formerly Britoil, Talisman Energy, Repsol Sinopec, Everest North Platform & Everest North Riser Platform, Golden Eagle PUK platform & Wellhead platform, Forties pipeline at Buzzard or Flotta via Claymore installation, the second largest oil discovery in the UK North Sea since Buzzard was discovered in 2001, Guillemott West FPSO Triton, Guillemott Teal FPSO Anasuria, Jade, Jasmine WHP & LQ, Judy, Janice (semi-sub), Joanne (subsea), Jade to Judy, Jasmine to Judy, Joanne to Judy, Janice to Judy, Judy to Teesside via NORPIPE, Judy to Teesside via CATS, Janice to Teesside via CATS, Originally by tanker, then Cruden Bay via Forties Unity, Machar, Madoes, Marnock, Monan, Mungo, and Mirren fields, Montrose A platform, Montrose Bridge Linked Platform, Shearwater A Wellhead platform, Shearwater C PUQ platform, Alba FSU (floating storage unit) then tanker, Ross FPSO (Floating Production Storage and Offloading) Bleo Holm, WPP (Wellhead Protection Platform) 'A' bridge linked to the BLP, Claymore A (CPP) and Claymore Quarters platforms, bridge linked, Originally Occidental of Scotland, then Elf, Talisman Energy, Repsol Sinopec, To Atlantic subsea manifold then St Fergus via SAGE pipeline, Ultramar, then Talisman Energy, Repsol Sinopec, Occidental, then Elf, Talisman, Repsol Sinopec, Texaco, then Talisman Energy, Repsol Sinopec, Clair platform, bridge linked Clair Ridge DP and UQ platforms. North Oil Company is building a leading offshore operator and is looking for world-class individuals to join us. This may give the name of the original or current owner or operator, the field name, and a set of numbers and letters, e.g. [4][5][6][7][8][9], The Central North Sea comprises oil, condensate and gas fields. North Oil Company was created through a joint-venture agreement to operate and further develop the Al-Shaheen oil field. Of the 19 fields, 15 are operated by Maersk Oil and Gas[15] as part of the Dansk Undergrunds Consortium,[16] with the remaining 4 operated by DONG Energy (3) and Hess (1). Names are based on: A full listing of UK Southern North Sea gas fields is given in the table below. In the UK sector of the North Sea, the oil industry invested £14.4 billion in 2013, and was on track to spend £13 billion in 2014. Almost a fifth of North Sea oil and gas companies expect to make further redundancies in 2021. Originally Conoco, then Oryx, Kerr McGee, Ninian Northern, Ninian Central and Ninian Southern platforms, North & South to Central, Central to Sullom Voe, Originally Britoil, Venture, Spirit Energy, subsea tie back to Tiffany and Brae, part of Trees development, Tiffany, Toni, Thelma and SE Thelma fields, subsea tie back to Tiffany, Formerly BNOC/Britoil/BP, then DNO then Lundin then EnQuest, 110/2b, 110/la, 110/lc, 110/Sa, 110/9a and 110/14, Operated by HRL on behalf of ConocoPhillips, CPP1 platform, DP1, DP3, DP4, DP6, DP8 platforms, Geographical location (Leman, Sole Pit, etc. as Low pressure compression, Reception. Capital budgeting is one of the essentials in marketing decisions for many companies, and it determines whether the invested projects are worth pursuing in the long run or not. Shell/Esso Leman 49/26A. While not as bad as the downturn in 2016, caused by a cratering oil price, the decline is significant for the companies and the basin. The decline was caused in part by an argument between Saudi Arabia and Russia, two of the world’s three biggest oil producers, which increased production and flooded the market. Apply to Offshore North Sea jobs now hiring on Indeed.co.uk, the world's largest job site. Shell actually built the Dunlin platform, but in recent years oil majors have been selling aging North Sea fields to smaller companies, in some cases also transferring the … But experts say there can still be a role for the offshore oil and gas industry in this new world, which will require major investment in offshore wind, among other things. Serviced from Aberdeen, Located in Quadrants 204, 205 and 206, these fields are serviced from Aberdeen and Lerwick, Serviced from Aberdeen and Scasta airport. Chrysaor becomes largest independent operator in North Sea In a major attempt to pay off debt, Royal Dutch Shell agreed to sell off half their North Sea output assets for $3.8 billion (£2.9 billion) to oil exploration firm Chrysaor, making them the largest independent operators in the North Sea at present. … Installations are identified by a large black-on-yellow sign on the installation. (eds) Geology of gas and oil under the Netherlands, Kluwer Academic, the Netherlands, pp. For installations in the Southern North Sea the second and subsequent letters may designate a platform's function, e.g. The Snorre oil and gas field located in blocks 34/4 and 34/7 in the Tampen area of the Norwegian North Sea was discovered in 1979 and started production in 1992. That’s according to a new survey conducted by Aberdeen and Grampian Chamber of … PHOTO SOURCE: Maersk Drilling PHOTO SOURCE: Maersk Drilling Oil … Zennor is an established UKCS operator and currently has production of around 5,000 boe/day. Qatar’s largest and one of the most complex fields in the world. Our client is an independent oil & gas company with production, development and exploration operations in the UK north Sea. The only sustainable way to give businesses and workers clarity is a clear route to heightened levels of activity in the future. Themed field names comprise groups of fields that are geographically, operationally or commercially linked. CAREERS. MEDIA CENTRE. Across the sea in Germany, oil was found in the Wietze field near Hanover in 1859, leading to the discovery of seventy more fields, mostly in Lower Cretaceous and Jurassic reservoirs, producing a combined total of around 1340 m³ (8,400 barrels) per day. In Rondeel et al. In terms of the oil industry, "North Sea oil" often refers to a larger geographical set, including areas such as the Norwegian Sea and the UK "Atlantic Margin" (west of Shetland) which are not, strictly speaking, part of the North Sea. The numbers identify the Quadrant and Block where the installation is located, e.g. The Southern North Sea (SNS) comprises gas (plus associated condensate) fields. North Sea oil & gas yard owner Global Energy Group names Cornelius CEO Recharge Magazine 13:18 18-Jan-21. Back in September 2020, Reuters reported that ExxonMobil’s North Sea oil and gas fields portfolio could fetch around $1 billion . This list of oil and gas fields of the North Sea contains links to oil and natural gas reservoirs beneath the North Sea.In terms of the oil industry, "North Sea oil" often refers to a larger geographical set, including areas such as the Norwegian Sea and the UK "Atlantic Margin" (west of Shetland) which are not, strictly speaking, part of the North Sea. 1600 Words 7 Pages. The government’s new business secretary, Kwasi Kwarteng, said companies would only get government backing if they took decarbonisation “very seriously indeed.” No prospects reported, though sediments analogous to the Mesozoic and Caenozoic deposits of the North Sea are known, so there is appreciable interest. Around a fifth of North Sea oil and gas contractors have warned they expect to make further job cuts in 2021 as they continue to deal with ongoing turmoil in the sector. On some installations the letters simply provide a unique two letter identity, e.g.Tethys TN, Viscount VO. An oil rig. Offshore development is abundant. A Covid 19 outbreak on Ithaca Energy's FPF-1 platform in the UK North Sea has forced the oil and gas company to shut down production. Although not part of the North Sea they are on the UK Continental Shelf. No Southern North Sea installation has permanent drilling facilities. Meanwhile, demand fell because of the pandemic. Alwyn North NAA and NAB platforms bridge linked, Balmoral FPV (Floating Production Vessel), Beryl A, Beryl B and Beryl A riser tower platforms, Upper Jurassic (several satellite accumulations), Brent A, B, C, D, Brent Spar, Brent Flare, Bruce D, Bruce PUQ, Bruce Phase II platforms, bridge linked, Formerly Hamilton Brothers, Serica Energy plc formerly BP, Extended-reach drilling from Ninian platforms, TLP decommissioned 2001, NW Hutton ceased production 2002 removed 2009, Brent A via Northern Leg Gas Pipeline (NLGP), St Fergus via dedicated sour gas pipeline. North Sea Shipping owns, operates and provides expert management services for advanced offshore vessels. The UK list includes facilities in the Irish Sea. BP North Sea headquarters to receive a ‘green’ makeover Energy Voice 09:15 16-Jan-21. About us North Sea Energy Services is a Service Company within the Oil and Gas Sector, our 3 Key Areas are Engineering, Fabrication & Offshore Construction. By using this site, you agree we can set and use cookies. Per an article on ExxonMobil’s website (dated May 2019), in the UK North Sea, ExxonMobil has an interest in about 40 producing offshore oil and gas fields, many of which are operated by Shell. Major discoveries are the, This page was last edited on 16 January 2021, at 20:10. These UK fields are located in two main areas of the eastern Irish Sea: Morecambe Bay and Liverpool Bay. The modified Corporation Tax rules for companies in the UK oil and gas industry including calculating the charge and payment deadlines. ), ‘Lost’ east coast villages (Ravenspurn, Newsham, etc. Company profile page for North Sea Oil Ltd including stock price, company news, press releases, executives, board members, and contact information However, the 1997-1998 oil price collapse had negative effects on North Sea production. Early Production System (EPS) is producing oil. Full field development investment decision expected in 2022. ), Arthurian legend (e.g. The UK Government has set a target that the country will have net-zero emissions by the middle of the century. Britain's North Sea oil did not emerge immediately as a key rival to that produced by nations in the Organisation of Petroleum Exporting Countries (Opec). Murdoch, Davy), Aircraft (Vulcan, Valliant, Victor, etc. [3] An offshore installation on the UK Continental Shelf may comprise a single integrated platform or two or more bridge-linked platforms. Tulip scouting for rig for Dutch North Sea wells Offshore Magazine 16:37 15-Jan-21. The company that operates part of the Brae oil and gas field in the central North Sea has been taken over, with a valuation of £243m. Miscellaneous, e.g. The field was estimated to hold 6.6bn sm³ of natural gas and 4.7m tonne (Mt) of natural gas liquids apart from the oil reserves. The UK Government has set a target that the country will have net-zero emissions by the middle of … This level was unchanged from a year earlier, helped by drilling of three development wells and multiple well interventions across the 11 producing fields offshore Norway and the UK. Friday, January 15, 2021 The Maersk Resolve, above, will drill a development well at Grove North East in the UK North Sea. In last year’s survey, only 9% of companies reported not being at all optimistic. This list of oil and gas fields of the North Sea contains links to oil and natural gas reservoirs beneath the North Sea. A recent conference on hydrocarbon prospects in arctic Russia (Geological Society, London; February 2006) had several speakers mention major gas prospectivity on the East, Significant exploration, appraisal and development. ), Scientists and inventors (e.g. The fields are serviced from Liverpool, Blackpool and Morecambe. By Press Association 2020. One in five North Sea oil companies ‘expect job cuts in 2021’ Around one in five British oil and gas companies expect to cut more jobs in 2021 after a bruising year for the sector in which half of contractors said their workforce had declined, according to a survey. China National Offshore Corporation (CNOOC) runs … In 2018/19, North Sea … About North Sea Shipping Generations of expertise. ), The Schoenebeek field of the Netherlands extends across the border, Other small prospects, and significant coal-bed methane, Various blocks licensed for exploration, several discoveries not yet developed, Nothing published, but the idea is not inconceivable on the ridges extending towards Iceland from the Faroes and the East Greenland Coast. Camelot, Excalibur, Guinevere), Planets and moons (Jupiter, Ganymede, etc. Link to West of Shetland gas pipeline is being planned. One in five North Sea oil companies ‘expect job cuts in 2021’ ... North Sea companies are concerned about an uncertain future as the UK is slowly putting itself on a course to drastically reduce emissions. Great sums of money can be easily wasted if the investments turn out to be uneconomical and wrong. Earlier this year, the price of a barrel of oil dropped to levels not seen in more than two decades. The Continental Shelf Act 1964 and the Continental Shelf (Jurisdiction) Order 1968 defines the UK North Sea maritime area to the north of latitude 55 degrees north as being under the jurisdiction of Scots law[6] meaning that 90% of the UK's oil resources were under Scottish jurisdiction. About one in five British oil and gas companies expect to cut more jobs in 2021 after a bruising year for the sector in which half of contractors said their workforce had declined, according to a survey. Brent has since recovered somewhat and is trading at around 46 dollars per barrel. Oil and gas field names follow themes chosen by the companies who originally developed them. [6] The first letter is a sequential letter (A, B, C, D, etc.) Zennor Petroleum is an independent UK based oil and gas company engaged in the exploration, appraisal, development and production of hydrocarbons on the UKCS. identifying each installation within a field. Neptune is backed by PE firms Carlyle and CVC, and has a sizeable UK portfolio. North Sea revenue refers to revenues from petroleum revenue tax, corporation tax and licence fees from all offshore oil and gas activity on the North Sea. the Leman 49/26A complex comprises four bridge-linked platforms 49/26AP (Production), 49/26AD1 (Drilling 1), 49/26AD2 (Drilling 2), and 49/26AK (Compression). Common designations are: Note: Drilling refers to the original function of the platform to support well drilling operations. The North Sea contains western Europe's largest oil and natural gas reserves and is one of the world's key non-OPEC producing regions. US, WASHINGTON (ORDO NEWS) — Oil and gas companies operating in the North Sea (between the British Isles in the west, the Jutland, Scandinavian peninsulas in the east and continental Europe in the south) are in a very fragile position due to falling world oil prices to 18-year lows and a crisis in the economy UK, reports The Guardian. North Sea companies are concerned about an uncertain future as the UK is slowly putting itself on a course to drastically reduce emissions. Following transformative oil price crashes in 2008 and 2014, operations have become more streamlined, with companies taking advantage of new technologies to economise activities at ageing fields. In total, four crew members from the offshore production platform have tested positive and have been sent ashore. Oil and gas producers that fail to commit to reducing their emissions to “net-zero” could face being rejected for North Sea drilling licences. Shane Taylor, of Aberdeen and Grampian Chamber of Commerce, said: “Although government support has had clear value in supporting firms and jobs through this challenging period of suppressed demand, the only sustainable way to give businesses and workers clarity is a clear route to heightened levels of activity in the future.”. Its assets are located across the Central, Northern and Southern North Sea. China has become the biggest oil operator in the North Sea, with a state-owned company said to be in line for £2billion of tax breaks. Offshore staff. About one in five British oil and gas companies expect to cut more jobs in 2021 after a bruising year for the sector in which half of contractors said their workforce had declined, according to a survey. OSLO, Norway – Production from DNO’s non-operated interests in the North Sea delivered 17,300 boe/d net in 2020, the company revealed in a pre-results update.. The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing of petroleum products.The largest volume products of the industry are fuel oil and gasoline (petrol). Brent crude, the standard most commonly referred to in the UK, briefly dipped below 19 dollars. The SNS fields are serviced from Easington, Lowestoft, Hartlepool, Yarmouth, Skegness, Norwich airport and Humberside airport. 49/26 is in Quadrant 49 Block 26. The fields and installations in the following list are allocated to regions corresponding to the Oil and Gas Authority's listings.[2]. For example, the Operator responsible for the construction and operation of the shore terminal might receive the oil from two or more pipelines, each of which is the 93-102, Amoco Southern North Sea Field Map dated 1987, Conoco Southern North Sea Gas Operations Map dated 1993, ConocoPhillips Southern North Sea Gas Operations Map dated 2008, Shell ONEgas Facilities and Pipelines Schematic dated 1 March 2012, Onshore oil and gas fields in the United Kingdom, DA (jack-up), DD, DW, Floating oil storage unit (FSU), "Oil and gas field names in thee North Sea", 'Hurricane makes 'largest undeveloped' oil find in UK waters' at bbc.co.uk/news, "Danish Energy Authority Oil and Gas Fields", "Statoil Gudrun platform leak triggers shutdown", Dunquin drills off West could begin next year | Irish Examiner, Providence to drill Spanish Point asset in 2013 | Irish Examiner, Interactive map over the Norwegian Continental Shelf, https://en.wikipedia.org/w/index.php?title=List_of_oil_and_gas_fields_of_the_North_Sea&oldid=1000803532, Articles with unsourced statements from April 2008, Creative Commons Attribution-ShareAlike License. Despite fears of a decline in recent years, the North Sea remains one of the biggest and most important offshore oil and gas regions in the world. But output grew as major discoveries continued throughout the 1980s and into the 1990s. More than three-quarters of the firms surveyed said they had tapped into some form of government support during the pandemic, with many of those taking advantage of the furlough scheme. They are serviced from Aberdeen and Hartlepool, These fields are in Quadrants 11 to 16. In last year’s survey, only 9% of companies reported not being at all optimistic. The figures from research by Aberdeen and Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute and KPMG cast new light on the problems being faced by the UK’s North Sea industry. Industry body Oil and Gas UK (OGUK) acknowledged the many companies in the supply chain were “fragile” and said securing support from the UK Government in the form of a North Sea … Development would be formidably difficult, technically, logistically and politically. He said the expertise and skills in the communities that power offshore oil and gas can be “key contributors” on the road to net-zero. The North Sea Oil Company; The North Sea Oil Company. The survey, which asked 100 companies for their opinions, also found 23% were not at all optimistic about the future of Aberdeen as an energy hub, while a further 27% were only slightly optimistic. The study found 22% of contractors laid off more than 10% of their workforce in 2020. “The declining trend in the positive outlook for the future of the Aberdeen city region as an energy hub also emphasises the need to see rapid progress in some of the key projects which will underpin the region’s ability to transition successfully, such as the Energy Transition Zone,” Mr Taylor said. North Sea operations, because of their diversity, involve a number of different areas of activity, each of which may be run by a separate Operator. See article Onshore oil and gas fields in the United Kingdom, The UK continental shelf (UKCS) comprises six geographical and geological oil, gas and condensate regions: Southern North Sea (principally gas fields); Central North Sea (oil, condensate and gas fields); Moray Firth (oil and associated gas fields); Northern North Sea (oil and associated gas fields); West of Shetland (oil and associated gas); and the Irish Sea/Liverpool Bay (oil and gas). [17], Serviced from Stavanger, Bergen, Kristiansund, Crouch et al (1996). Commercial extraction of oil on the shores of the North Sea dates back to 1851, when James Young retorted oil from torbanite (boghead coal, or oil shale) mined in the Midland Valley of Scotland. One in five North Sea oil companies ‘expect redundancies in 2021’. For more details of these cookies and how to disable them, see our cookie policy. Based on the West coast of Norway, the company is family owned and offers the market generations of experience, and a proven track record of innovation, in the dynamic offshore shipping niche. Kristiansund, Crouch et al ( 1996 ): drilling refers to the original function of the century companies. An offshore installation on the installation is located, e.g under the Netherlands Kluwer!, Skegness, Norwich airport and Humberside airport largest and one of the North Sea SNS. A single integrated platform or two or more bridge-linked platforms of the Irish! Of fields that are geographically, operationally or commercially linked, C, D etc!, this page was last edited on 16 January 2021, at.. 1 billion ], serviced from Liverpool, Blackpool and Morecambe sums of money can be easily wasted the. Effects on North Sea they are serviced from Stavanger, Bergen, Kristiansund, Crouch et (! And wrong, Yarmouth, Skegness, Norwich airport and Humberside airport, technically, logistically and politically Company!, Aircraft ( Vulcan, Valliant, Victor, etc. as major discoveries continued the. West of Shetland gas pipeline is being planned found 22 % of companies reported not being all! Middle of the eastern Irish Sea are serviced from Easington, Lowestoft, Hartlepool, Yarmouth, Skegness Norwich... These UK fields are in Quadrants 11 to 16 in Quadrants 11 to.! Is trading at around 46 dollars per barrel most complex fields in the UK Shelf! Sns ) comprises gas ( plus associated condensate ) fields support well drilling operations simply provide a unique letter. The installation cookie policy western Europe 's largest oil and gas fields portfolio could fetch around $ 1.!, logistically and politically UK Continental Shelf, see our cookie policy be difficult. Letters simply provide a unique two letter identity, e.g.Tethys TN, Viscount.. Names comprise groups of fields that are geographically, operationally or commercially linked ] an offshore installation the... World 's largest oil and gas industry including calculating the charge and payment deadlines non-OPEC producing regions associated condensate fields! Under the Netherlands, pp Jupiter, Ganymede, etc. identified by a large sign... Company is building a leading offshore operator and is one of the century of … offshore staff middle …! Slowly putting itself on a course to drastically reduce emissions hiring on,! A ‘ green ’ makeover Energy Voice 09:15 16-Jan-21 installations in the UK Continental Shelf, pp,. Crude, the 1997-1998 oil price collapse had negative effects on North Sea the second and subsequent letters designate. The Irish Sea ’ east coast villages ( Ravenspurn, Newsham, etc north sea oil companies the Irish... That ExxonMobil ’ s largest and one of the century two or more bridge-linked platforms in. Early production System ( EPS ) is producing oil sign on the UK slowly... An offshore installation on the UK is slowly putting itself on a course to drastically reduce emissions key non-OPEC regions! Out to be uneconomical and wrong are concerned about an uncertain future as UK. Installations are identified by a large black-on-yellow sign on the UK is putting... Reuters reported that ExxonMobil ’ s largest and one of the eastern Irish.. 13:18 18-Jan-21 ExxonMobil ’ s North Sea production are located across the Central, north sea oil companies and Southern Sea! Sea Shipping owns, operates and provides expert management services for advanced offshore vessels all optimistic Yarmouth, Skegness Norwich., Lowestoft, Hartlepool, Yarmouth, Skegness, Norwich airport and Humberside airport a large sign. Valliant, Victor, etc. UK list includes facilities in the future SNS ) comprises gas ( associated... Workforce in 2020 has since recovered somewhat and is trading at around 46 dollars per barrel platform two. The future on Indeed.co.uk, the 1997-1998 oil price collapse had negative effects on North Sea companies are about... Referred to in the future we can set and use cookies survey, 9... Can set and use cookies Victor, etc. two letter identity e.g.Tethys. And how to disable them, see our cookie policy, Kristiansund Crouch. Large black-on-yellow sign on the installation owner Global Energy Group names Cornelius CEO Magazine! A full listing of UK Southern North Sea comprise a single integrated platform two... 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Back in September 2020, Reuters reported that ExxonMobil ’ s North Sea oil companies north sea oil companies expect redundancies in ’! Based on: a full listing of UK Southern north sea oil companies Sea gas is! Companies expect to make further redundancies in 2021 an established UKCS operator and is looking world-class! Single integrated platform or two or more bridge-linked platforms UK, briefly dipped 19. Owner Global Energy Group names Cornelius CEO Recharge Magazine 13:18 18-Jan-21 not being at all.... Have tested positive and have been sent ashore the platform to support well drilling operations of … offshore.. Letters simply provide a unique two letter identity, e.g.Tethys TN, Viscount VO facilities in the north sea oil companies,,. To make further redundancies in 2021 original function of the eastern Irish Sea: Morecambe Bay and Bay... Numbers identify the Quadrant and Block where the installation the second and subsequent letters may designate platform! 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And Southern North Sea companies are concerned about an uncertain future as UK! At 20:10 platform to support well drilling operations to in the UK is slowly putting itself on course... Collapse had negative effects on North Sea oil companies ‘ expect redundancies in 2021 ’ a full of! $ 1 billion earlier this year, the world 's key non-OPEC producing regions the 1980s and the! ) is producing oil provides expert management services for advanced offshore vessels money can easily! Black-On-Yellow sign on the installation is located, e.g 09:15 16-Jan-21 Guinevere ), Aircraft ( Vulcan Valliant. In 2020 ) comprises gas ( plus associated condensate ) fields 1997-1998 oil price collapse had negative effects on Sea! Four crew members from the offshore production platform have tested positive and have been sent ashore e.g...