RE: TURNING ADVERSITY INTO ADVANTAGE19 May 2022 10:18
Posted a few weeks ago… New North Sea gas field goes into production, boosting UK energy security, A new gas field found under the North Sea off East Anglia has this week produced its ‘first gas’ – and more such developments are on the way gas from the Blythe well started flowing into the UK gas grid at the weekend, with a second, called Elgood, due to start producing gas within days. Both are part of its Saturn Banks project. The gas will flow into Bacton, on the Norfolk coast, and meet demand in the southeast and then the rest of the UK. The announcement today was welcomed by Offshore Energies UK (OEUK, which represents the UK offshore industry. It said the new field demonstrated the vital role of the UK Continental Shelf in supporting the nation’s energy security during the current global energy crisis – and during the planned transition to net zero by 2050 and beyond.The announcement coincided with Monday’s Downing Street meeting between Boris Johnson and leaders of the UK’s offshore oil and gas industry, called to discuss how the UK might reduce its reliance on Russian energy following the invasion of Ukraine. Saturn Banks also creates a new production hub in the Southern North Sea, allowing any further discoveries to be linked back to it by pipelines. Development of another field, Nailsworth, is expected to begin this year, and would produce gas towards the end of 2023. This milestone came less than 30 months after the final investment decision, despite technical challenges during the drilling phase.
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