Chevron gets approval for Alder field, reaches FID

01/20/2014
Chevron Corp. UK subsidiary Chevron North Sea Ltd. has reached a final investment decision (FID) and received approval from the UK government to proceed with the development of the Alder field in the central North Sea. The project has a planned design capacity of 110 MMcfd of natural gas and 14,000 b/d of condensate. Production is slated to start in 2016. Discovered in 1975, development has recently been enabled by innovative technologies to manage the high-pressure, high-temperature gas-condensate field, which lies on Block 15/29a in 492 ft of water about 100 miles from Scotland and 37 miles from the UK-Norway median line. The field will be developed using a single subsea well tied back ...
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