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BP Is Approved To Develop The North Sea Alligin Field

- Oct 24, 2018 -

British Petroleum Corporation (BP) said on October 22 that the UK oil and gas regulator has approved the company to develop the Alligin field in western Shetland, where BP is the operator of the field and holds a 50% interest.

BP said it will invest 230 million pounds ($300 million) in the Alligin field, which is expected to reach 12,000 barrels of oil equivalent per day. The field's production target is 20 million barrels of oil equivalent and is expected to go into production in 2020.

Royal Dutch Shell Group holds another half of the equity in the Alligin field.