U.K. lines up 38 field developments

U.K. offshore operators have earmarked a total of 35 oil and gas projects, which account for 38 fields, for development over the next 2-5 years.Wood Mackenzie Consultants Ltd., Edinburgh, said that this represents a 22% decrease from the 45 fields U.K.'s operators were considering for development in the near term a year ago.Since then, said the analyst, nine fields with combined reserves estimated at 253 million boe have gained development approval, while only two developments, covering four fields, have been added to the portfolio. The two new projects are the Goldeneye field development, operated by Shell U.K. Exploration & Production, and the Easington Catchment Area Phase II field...

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