Wilson unveils world's largest oil recovery projectNews // March 28, 2003
BP's Enhanced Oil Recovery project for the Magnus field has involved laying new pipelines from the Schiehallion and Foinaven fields (west of Shetland) and pumping pressurised gas into the Magnus field (east of Shetland), recovering over 60 million extrabarrels of oil.
The whole project cost £310 million, creating 1500 jobs at the peak of construction.
Brian Wilson said: "The Energy White Paper set out our continued commitment tostimulating new activity in the North Sea through the Fallow Initiative, asset trading between operators, work to enhance brownfield developments and sharing best practice. The sector isvital to the wider UK economy in terms of jobs and investment."
"The size and scale of the Magnus project show how technology and innovation can also be used to increase the lifespan of the North Sea. The benefits of this project go way beyond increased production on the Magnus field."
"Commitment and collaboration from all parties has allowed the first ever pipeline west of Shetland to be built, paving the way for greater oil and gas activity in this area as well as opportunitiesfor new developments to be tied into the Magnus field. I hope the Magnus project will mean more jobs for Aberdeen in the long-term."