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£4.5 Billion Project in the UK, North Sea Back

Clair Ridge
Cost: £4.5 billion
Location: UK, North Sea

A project that proves there’s life yet for the North Sea Oil & Gas industry, the Clair Ridge project starts-up in 2018, developing new resources from the giant Clair field. Located around 40 miles west of Shetland in water depths of 450 feet, the project consists of the provision of new production, accommodation and drilling facilities on two bridge-linked platforms. Once fully online the project is expected to produce in the region of 120,000 barrels of conventional oil per day.