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.
a 100% interest in the Buchan field, a proven oil accumulation
with potential resources of 40 to 90 MMbbls;
AGR TRACS study commissioned by Repsol Sinopec to assess
the remaining resource potential of Buchan and viable
Buchan field is suitable for a number of redevelopment
options including FPSO and subsea tie-back to Tweedsmuir;
follow-on potential through the development of the J2
discovery with reserves of 14 to 43 MMbbls (P50 to P10).