Source Pravda.Ru

Burlingtons Calder Natural Gas Field Development Approved By UK Government

Burlington Resources has received approval from the U.K. Government for its plans to develop the Calder natural gas field in the eastern part of the Irish Sea. Calder is one of the fields in Burlington Resources' Rivers Fields complex, which are estimated to contain recoverable resources of between 350 billion and 400 billion cubic feet of natural gas. "Calder is good news for the oil and gas industry," U.K. Energy Minister Brian Wilson said in a statement. Offshore gas production from the fields is expected to reach approximately 120 million cubic feet a day in 2004. "Burlington Resources is an innovative operator, already established in the U.K. Continental Shelf with the Millom and Dalton fields, and is exactly the type of operator the U.K. is seeking to...develop marginal fields such as Calder," Wilson said. Burlington Resources' GBP185 million Rivers Fields project will open up other opportunities in the Irish Sea and contribute to security of supply, he added.

Centrica PLC last month said it received planning approval for a new GBP60 million onshore natural gas terminal at Barrow-in-Furness, which it will operate on behalf of Burlington Resources. The terminal will be located adjacent to Centrica's existing North and South Morecambe terminals, and process gas from three of the Rivers fields.

Burlington Resources signed a GBP55 million in February with the U.K.'s Rivers Joint Venture for offshore development of the Calder field in the Rivers complex.

The Rivers Joint Venture - involving Allseas U.K. Ltd. and Technip- Coflexip S.A.'s Genesis Oil and Gas Consultants Ltd. - will build an unmanned offshore platform and a pipeline connecting the platform to the onshore terminal at Barrow-in-Furness.

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&to=http://www.br-inc.com/' target=_blank>Burlington Resources

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Will Iran close the Strait of Hormuz to trigger global oil crisis?
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