Causeway oil deal signed
North Sea Causeway oil development partner Antrim Energy has secured a deal to sell crude oil from the project.
Antrim has signed up to sell its 35.5% equity share of oil from the Causeway development in block 211/’23d to BP Oil International.
Causeway, operated by Valiant Petroleum, is due to come onstream next month, via the Taqa Bratani operated North Cormorant platform, from which oil is exported via pipeline to the Sullom Voe oil terminal in the Shetland Islands.
As part of the deal with BP, Antrim’s share of production from the Fionn development – which was approved by the UK’s Department of Energy and Climate Change earlier this month – and which is being carved out of the Causeway development, can also be included in the oil sales deal once Fionn comes onstream.