Foinaven Oil Field

Summary Information

• Operator: BP
• Country: UK
• Location: 190 kilometres to the north west of Orkney
• Production start: 1997
• Partners: Marathon
• Type: Oil and Gas
• Estimated Reserves:
• Production Volume:

Description

• The field is no longer producing
• Foinaven is located some 190 kilometres to the north west of Orkney, mainly in UK block 204/24a. It was the first development in Atlantic water to the west of the United Kingdom
• Foinaven phase 1 is based on Golar-Nor's Floating Production Storage and Offtake (FPSO) vessel "Petrojarl Foinaven FPSO"
• The East Foinaven Oil and Gas Field has been developed as a subsea tie-back to the main Foinaven Field
• Gas is exported via a 10 inch pipeline to the West of Shetlands Gas Pipeline System which transports gas to the Sullom Voe Oil Terminal in the Shetland Islands

Contractors

• Mcdermott: Detailed design engineering, procurement, installation, partial hook-up and commissioning of subsea systems - Flowlines, trees, manifolds, risers, FPSO topsides and turret
• GE Oil & Gas: Two initial engineering studies for future production enhancement

History

• 1994 - The Foinaven Oil Field development project was sanctioned
• 1997 - Foinaven produces first oil
• 2000 - Phase 1 development is completed
• 2000 - Marathon acquired Shell's stake
• 2001 - First oil from East Foinaven
• 2012 - Faroe Petroleum acquired a stake in East Foinaven
• 2019 - RockRose Energy acquired Marathon's stake
• 2022 - Approval granted for decommissioning

Geology

• East Foinaven has a good quality reservoir with Palaeocene channel sands

Links

1. The Foinaven Field, BP
2. UK Oil and Gas Fields by Approval Date
3. McDermott Subsea References
4. UK Oil and Gas Field Approved Decommissioning Programmes
5. Foinaven Phase 1 - Oil Export Decision
6. Shell Sakhalin Holdings B.V. And Marathon Sakhalin Limited Asset Swap
7. BP Selects GE Oil & Gas to Conduct Two Foinaven Oil Field Engineering Studies
8. Acquisition of Interest in Producing East Foinaven Field
9. Faroe Petroleum plc (“Faroe Petroleum”, the “Company”) Acquisition of Interest in Producing East Foinaven Field
10. Marathon Oil Closes on Sale of U.K. Business