Home | Business News | Browse by Publication | P | PR Newswire

U.K. Energy Minister approves EnCana''s Buzzard field development plan.

Publication: PR Newswire
Publication Date: 27-NOV-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
UXBRIDGE, United Kingdom, November 27 /PRNewswire/ -- The U.K. Department of Trade and Industry has granted EnCana (U.K.) Limited and its co-venturers approval to develop the Buzzard oil field - the largest field to be discovered in the North Sea in the past decade.

Stephen Timms, U.K. Minister of Energy stated "I am delighted to give this development the go-ahead. Buzzard was the discovery that defied the sceptics, and has proved that the U.K. Continental Shelf is still a vibrant and rewarding area for companies who are prepared to match their skills and innovation with their convictions."

Gwyn Morgan, EnCana's President & Chief Executive Officer said "This is a major step forward in the expansion of one of our key international regions. First oil is planned for late 2006 and Buzzard is expected to add about 80,000 barrels of oil per day to EnCana's production once the field reaches plateau level."

Buzzard's total recoverable reserves are estimated at more than 400 million barrels of oil and gross production is expected to reach a plateau of 180,000 to 190,000 barrels of oil per day in 2007. The pnds stlg 1.35 billion (US$2 billion) Buzzard development will consist of three bridge-linked steel platforms supporting...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from PR Newswire
Pretoria High Court Sets Aside Arbitrator's Partial Award in Telkom's ..., November 27, 2003
Fitting The Rental Market to Today's Consumer Society., November 27, 2003
Oki Launches a New Swing'nRinger(TM) Sound Generator LSI for Mobile Ph..., November 27, 2003
Highland Council Takes The Honours In Scottish Loo Of The Year Awards., November 27, 2003
Interim Results., November 27, 2003

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.