Britain to Give Shell Green Light for Development of North Sea Gas Project

Britain’s Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) is expected to approve Shell’s plan to develop a North Sea gas field in the coming days, which was previously declined on environmental grounds.

Shell updated its development plans for the Jackdaw field in March and sent it to the OPRED.

The fossil fuel giant’s new plan aims to start production by the second half of 2025. The field will supply 6.5% of Britain’s gas output.

OPRED had rejected the first plan back in October. The field has reserves between 120 million and 250 million barrels of oil equivalent.

The regulator is expected to give the green light to the new Jackdaw development plan after no objections were raised during the public consultation period.

Shell will still decide whether to go ahead with the final investment decision but the regulator’s approval is a major milestone.

The British Government said no decision have been taken yet and development proposals for oilfields under existing licenses are up to independent regulators.

Shell’s proposal comes at a time when Britain tries to deal with soaring energy prices following Russia’s invasion of Ukraine. The energy crunch has pushed the government to urge domestic producers to increase investment in oil and gas production.

Shell’s new plan changes the way it processes natural gas at the Shearwater hub, to which the Jackdaw field will be connected. Rather than removing all naturally occurring CO2 from the gas offshore, some of it will be exported to the onshore St Fergus terminal where it will be further treated.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today

Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Israel Begins Tests on Missile Detection System

Israel said it has started testing an inflatable missile detection system designed to fly at high altitudes and detect long-range missiles. Israel already has one of the most sophisticated missile defense systems in the world, and used them successfully in the 11 day Gaza War earlier this year.

Storm on Russia’s Black Sea Coast to Further Disrupt Oil Supplies

Russian and Kazakh oil exports from the Black Sea via the Caspian Pipeline Consortium (CPC) could drop by up to 1 million barrels per day (bpd), or 1% of global oil production, due to storm-damaged berths. 

Gazprom not Willing to Transport Gas via Ukraine

Russia’s state owned gas company Gazprom has not booked any additional gas transit capacity via Ukraine, and instead decided to use the Yamal-Europe pipeline through Poland. The company’s gas exports have declined in the first half of October from the same period in September.  

Stay informed

error: This content is protected !!