Total achieves first output from two North Sea fields

Total (LSE:TTA) said it has started production from two facilities in the North Sea off the coast of the UK after investing over US$1 billion in the Edradour and Glenlivet fields.

The facilities will produce up to 56,000 barrels of oil equivalent (boe) a day in the form of gas and condensate, boosting the French energy major’s total North Sea output.

“We have completed this project ahead of schedule and 30% under the initial budget,” said Total exploration and production president Arnaud Breuillac.

“The start-up of the Edradour and Glenlivet fields demonstrates Total’s ability to deliver projects, taking advantage of favourable market conditions and simplifying designs to optimise execution.”

Total’s UK unit holds a 60% stake in the fields as operator, while Dong Exploration and Production (E&P) and SSE E&P each own 20%.

Gas and condensate production from the Edradour and Glenlivet developments will be exported to the UK mainland via terminals on the Shetland Islands.

@RGNonline