• Short Summary

    Production at Britain's third North Sea oilfield began on Wednesday (18 February)
    The Auk filed is being jointly developed by the Shell and Esso oil companies and it differs greatly from Britain's two other major North Sea fields.

  • Description

    Production at Britain's third North Sea oilfield began on Wednesday (18 February)
    The Auk filed is being jointly developed by the Shell and Esso oil companies and it differs greatly from Britain's two other major North Sea fields.

    For start the new field is comparatively small and its capacity hasn't warranted the building of a separate pipeline to pump the oil to shore.

    Two fifty-thousand ton tankers will be use to transport the crude 170 miles to shore, where it will be unloaded at Teesport on the Scottish coast.

    The Auk A platform sits on top of about 350 million gallons of oil... in North Sea terms, a tiny amount. But the companies believe it is still economically viable and will show a hundred million pound (sterling) difference in britain's balance of payments each year.

    Bad weather and inflation have combined to triple the coast of developing the field in the past four years. The original estimate was 17 million pounds sterling, but, with some bills still outstanding, the cost is now likely to reach the 60 million mark,
    The oil companies think the effort has been worthwhile...despite the constant worry of the recent slight declines in world oil prices.

  • Tags

  • Data

    Film ID:
    VLVA6N5KY32AFGAIGSPYF6ASKS7DI
    Media URN:
    VLVA6N5KY32AFGAIGSPYF6ASKS7DI
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    19/02/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:31:00
    Time in/Out:
    /
    Canister:
    N/A

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