The energy giant is reviving the Murlach field, which was declared uneconomic and taken out of use in 2004, has now become viable partly due to new technologies.
BP won agreement to reopen Murlach, 120 miles east of Aberdeen, under the previous government and has since been installing equipment, with production potentially restarting next month.
The milestone comes despite efforts by the Energy Secretary to bring an end to new fossil fuel production in the North Sea. Mr Miliband and his predecessors have almost doubled the taxation rate on oil and gas profits and banned the issuing of licences for new exploration and production.
BP said the Murlach field contained 20 million barrels of recoverable oil and 600 million cubic metres of gas – enough to keep it in production for 11 years. “Murlach is expected to produce around 20,000 barrels of oil and 17 million cubic feet of gas per day,” it said....<<<Read More>>>....
