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UKCS Blocks 21/1a, 20/5a & 20/5e

Buchan Field Redevelopment

Repsol Sinopec Resources UK Limited ("Repsol Sinopec") is inviting a select group of companies to make an offer to acquire its entire interest in the Buchan field and the J2 discovery. The Buchan field is suitable for a number of redevelopment options. Repsol Sinopec and its affiliates currently hold a 100% interest in Blocks 21/1a, 20/5a and 20/5e.

Key points:

  • Acquire a 100% interest in the Buchan field, a proven oil accumulation with potential resources of 40 to 90 MMbbls;

  • In-depth AGR TRACS study commissioned by Repsol Sinopec to assess the remaining resource potential of Buchan and viable redevelopment options;

  • The Buchan field is suitable for a number of redevelopment options including FPSO and subsea tie-back to Tweedsmuir;

  • Substantial follow-on potential through the development of the J2 discovery with reserves of 14 to 43 MMbbls (P50 to P10).

Contact us for more details: Phone: + 44 (0) 20 7493 1977



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