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Cheviot Octabuoy 50% complete
Published 03.02.2010 09:26:42 by John Bradbury
North Sea operator ATP says the Octabuoy hull for its UK Cheviot oil field development is now more than 50% complete and construction of the facility in China remains on schedule, the company has confirmed. First oil from Cheviot, which is estimated to contain 58 m boe of remaining and probable reserves, is expected in 2012, ATP confirmed in a corporate statement on current production, reserves and developments.
“The hull for the Octabuoy is greater than 50% complete and remains on schedule for a 2011 sail out.” stated ATP, which has 100% equity in Cheviot.
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