Spar considered for West of Shetland

Phillips Petroleum Co. U.K. Ltd. has completed a study of West of Shetland development options using spar platforms, although it has no acreage in the region. Phillips said it intends to bid aggressively for West of Shetland acreage, to be offered later this year in U.K.'s 17th offshore licensing round (OGJ, Dec. 18, 1995, p. 32). Phillips commissioned a study by McDermott Marine Construction Ltd. into development options for various postulated discoveries West of Shetland in water as deep as 5,300 ft. McDermott looked into development of fields with production rates of 40,000-150,000 b/d of oil and 130 MMcfd-1.22 bcfd of gas. Exports by pipeline were investigated, as were opt...

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