DTI gives green light to EnCana

The UK Department of Trade and Industry has granted EnCana approval to develop the Buzzard oil field, the largest field to be discovered in the North Sea in the past decade.

The UK Department of Trade and Industry (DTI) has granted EnCana (UK) Limited and its co- venturers approval to develop the Buzzard oil field, the largest field to be discovered in the North Sea in the past decade.

‘This is a major step forward in the expansion of one of our key international regions,’ said Gwyn Morgan, EnCana’s President & Chief Executive Officer. ‘First oil is planned for late 2006 and Buzzard is expected to add about 80,000 barrels of oil per day to EnCana’s production once the field reaches plateau level.’

According to a statement, Buzzard’s total recoverable reserves are estimated at more than 400 million barrels of oil and gross production is expected to reach a plateau of 180,000 to 190,000 barrels of oil per day in 2007.

The £1.35 billion Buzzard development will consist of three bridge-linked steel platforms supporting facilities for drilling, production, and utilities and accommodation respectively. The facilities include two subsea water injection manifolds located about two kilometres from the platform.

The crude oil will be transported to the mainland via a pipeline tie-in to the nearby Forties Pipeline System. The natural gas will flow to market via the Frigg Pipeline System. Buzzard is located in about 100 metres of water, approximately 100 kilometres northeast of Aberdeen, Scotland and about 55 kilometres from the coast at Peterhead.

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