Download: Why should operators invest in hub development in the North Sea?

Andrew White, Armada and Everest Development Manager, BG Group joined the Oil and Gas Outlook North Sea conference in 2012 and offered key insights into the development of the Armada Hub in the Central North Sea.

So why should operators invest in hub development?

Value to hub owners:

- Extends host field’s life – reserves production, value and cash flow benefit

- Controls or shares opex

- Enables marginal equity field development

- Captures business for equity pipelines

- High quality tarrif income

- Limited host capex required

- Limited subsurface risk

- Limited commodity price risk

Value to hub customer:

- Ease of access (cost and schedule)

- Transparent commercial framework

- Long life with stable opex share (large base load production profile)

- Ullage

- Services (gas, oil, H2S)

- Low cost to market (downstream pipeline, onshore process)

- High production efficiency

- Dependable operator

Do you agree with this list?

You can download the full presentation here

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To find out more about this and more please see the Oil & Gas Outlook North Sea conference at: www.terrapinn.com/northsea