Total’s Laggan and Tormore open season set to close end of October
Submissions of interest to invest in Total’s plan to develop infrastructure to develop its Laggan and Tormore gas discoveries to the west of the Shetland Islands are expected to close at the end of October.
The open investment season started in the summer, as Total looks to test the investment market for large infrastructure projects. If the investment process does not attract sufficient interest then Total is prepared to proceed alone with the project, a Total spokesman told ICIS Heren.
Three options are being assessed which include an onshore gas processing hub at Sullom Voe, and/or gas processing hubs in shallow and deep water, all of which would have a capacity of 17 million cubic metres/day.
The Tormore prospect is located around 100 km northwest of the Sullom Voe Terminal on the Shetland Islands, and is about 15 km southwest of the Laggan discovery. Both fields are operated by Total and the project is expected to be ready for 2013.
Exact data on recoverable reserves is not available, but Total has previously stated that the two discoveries had lifted its proved and probable reserves in the UK to over 1 billion barrels of oil equivalent.
Total has a 47.5% interest in Laggan and Tormore, alongside partners Eni UK (22.5%), Dong Energy (20.0%) and Chevron North Sea Limited (10.0%). DM
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