Goldeneye gets the go-aheadNews // March 15, 2002
Goldeneye has 500 billion cubic feet of gas reserves and 17 million barrels ofcondensate, production is expected towards the end of 2004. The project has a number of technological features which are firsts for the UKCS.
Speaking at Shell Expro's Aberdeen office, Mr Wilson said: "Goldeneye is a terrific boost for the oil & gas industry. The go-ahead confirms the quickening pace of UKCS field approvals and reflects the success of the numerous PILOT initiatives. The Goldeneye venture highlights the continuing development of the UKCS and will be a significant contribution to security of UK gas supplies. The new infrastructure will also open up opportunities for other developmentsin the area.
"Shell Expro and their partners have pioneered technological solutions to make Goldeneye a success. I have no doubt this type of technology will play an important role in the UKCS, now and in the future. This is exactly the approach needed to meet PILOT's production targets for 2010. The tieback carrying reservoir fluids to shore from Goldeneye will be the longest on the UKCS, the same distance as Aberdeen to Dundee.
"Building onshore facilities will bring around 300 construction jobs to St Fergus. Permanent employment will also be created in the venture and it will help secure jobs in the Fife Natural Gas Liquids plant in Mossmorran. There will also be further opportunities for the UK supply chain as contracts for the three main parts of the project are awarded."
Goldeneye's 105 km pipeline will connect a normally unattended wellhead platform offshore to new onshore processing facilities at Shell Expro's St Fergus terminal. All of the field's produced gas, water and condensate will be transported together under reservoir pressure through the pipeline to the onshore terminal for processing. This will be the first time this type of development option applied to a condensate field has been attempted on the UKCS.
Brian Wilson added: "Attracting high calibre talent is always a challenge, but one which will be tackled in a novel and innovative way for Goldeneye. Workingclosely with the DTI, Shell are looking to create a number of new training places for local people to train as oil field technicians along with development of the project".