Aberdeen Energy Talks – 30-01-2024

No more drilling on Forties and Beryl and an imminent closure of Grangemouth – a perfect storm for the UK’s energy security?
When the UK government imposed an additional tax levy on oil and gas producers early in 2023, several operators responded by cancelling drilling activities. Apache UK was amongst the most vocal in imposing an immediate stop to drilling on their Forties and Beryl assets. In this talk, David Moseley – Vice President Operations (Europe) at Welligence – explores the consequences of no further drilling activity at these fields, both of which continue, for now at least, to form important production hubs. He will also discuss the impact of bringing COP forward on both the fields themselves and upside in their catchment areas. Included will be a review of the Forties pipeline throughput to place into context the recent announcement that the Grangemouth terminal is set for closure.