BP has signed off on two North Sea developments

 
Courtney Goldsmith
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Cabinets From Both UK And Scottish Governments Meet In North East Scotland
BP said the move demonstrates its commitment to the North Sea (Source: Getty)

British oil major BP has announced a commitment to two North Sea developments that are expected to pump out 30,000 barrels of oil equivalent per day in peak production.

Alligin, west of Shetland, and Vorlich, in the central North Sea, are expected to come on stream in 2020.

They are both satellite fields located near existing infrastructure, meaning they can be developed more quickly and at a lower cost.

The news follows Shell's announcement in January that it will redevelop its Penguins oil and gas field in the North Sea –its first major project in ageing basin in six years.

Ariel Flores, BP's incoming North Sea regional president, said:

These projects follow on from a period of record investment by BP in the North Sea which helped deliver our Quad 204 project last year and will deliver our Clair Ridge project which is planned to start-up later in 2018.

While not on the same scale – Quad 204 and Clair Ridge are both multi-billion pound projects – Flores said Alligin and Vorlich will "lead to significant production gains and further demonstration BP's commitment to the North Sea".

Read more: BP to develop the second phase of its giant fracking project in Oman

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