Bressay Oil Field

Summary Information

• Operator: Enquest
• Country: UK
• Location: 150 kilometres east of the Shetland Isles
• Production start:
• Partners: Enquest (81.62%) and Harbour Energy (18.38%)
• Type: Heavy Oil
• Estimated Reserves:
• Production Volume:

Description

• Bressay is a heavy oil field in the Northern North Sea located in 110 metres water depth and 12 kilometres Northeast of the Kraken Oil Field.
• Bressay is one of the largest undeveloped oil fields in the UKCS with an estimated stock-tank oil initially in place (‘STOIIP’) of 600 to 1,050 MMbbls.
• The field has been appraised through the drilling and testing of four further wells, with flow rates of up to 2,900 bopd achieved.
• A number of development scenarios are under consideration, including a potential tie back to Kraken, reducing emissions, costs and extending its field life
• The Bressay field is located across four UK licence blocks: P234, P493, P920 and P977. Each of these licence blocks has the same equity partnership.

Contractors

• Inocean: PreFEED for floating storage unit
• SNC-Lavalin: Jacket Front-End Engineering

History

• 1976 - Bressay field discovered
• 2007 - Hydro acquires Chevron's stake in the field
• 2017 - Chrysaor acquired Shell's stake in the field
• 2020 - Enquest acquired Equinor's 40.81% stake in the field
• 2021 - Premier Oil and Chrysaor merge to create Harbour Energy

Links

1. Inocean FPSO References
2. Hydro acquires interests in UK heavy oil fields
3. SNC-Lavalin Awarded Statoil’s North Sea Bressay Jacket Front-End Engineering Contract
4. Aker Solutions to deliver drilling equipment package for Mariner platform
5. Shell to sell package of UK North Sea assets to Chrysaor for up to $3.8bn
6. EnQuest signs sale and purchase agreement for equity interest in the Bressay Oil Field
7. Harbour Energy to be admitted to trading