BP Invests in New North Sea Gas Reserves

BP has announced new investments in its southern North Sea business which it hopes will lead to an increase in recoverable gas reserves for further offshore development.

The company will invest $250m in the Dimlington onshore compression and terminals integration project with facilities at the BP-operated terminal.

The new equipment will reduce pipeline pressure between the offshore fields and the terminal allowing the gas fields to increase production.

BP expects remaining recoverable reserves in West Sole and Amethyst fields to increase by around 30% as a result of the project.

The investment and new configuration will replace the existing facilities at the adjacent and unmanned Easington terminal allowing this terminal to be closed and decommissioned.

The project is likely to create around 200 construction jobs.