Go-ahead for Pierce field

Enterprise Oil has received the go-ahead for a £150m development of the Pierce field, about 150km east of Aberdeen. A floating production storage and offloading vessel will produce 45,000 barrels of oil a day from the field, which will be exported by shuttle tankers. Norway’s Statoil will provide the vessel and shuttle tankers under a […]

Enterprise Oil has received the go-ahead for a £150m development of the Pierce field, about 150km east of Aberdeen.

A floating production storage and offloading vessel will produce 45,000 barrels of oil a day from the field, which will be exported by shuttle tankers.

Norway’s Statoil will provide the vessel and shuttle tankers under a leasing arrangement lasting for five to 13 years.