01/08/2022 by OilStoreAdministrator
Development of the Jackdaw gas field in the North Sea has been given another green light to proceed now that Shell had made a final investment decision to support the project, which will likely involve around £500 million in investment.
The UK government gave its approval for the project recently as part of its drive to support the country’s energy security. The project will include building the necessary subsea pipeline infrastructure to transport gas from the new Jackdaw wellhead – which will be located about 155 miles east of Aberdeen and not be permanently attended – to the existing infrastructure at Shell’s Shearwater hub.
Shell’s Upstream Director, Zoe Yujnovich, said the company was committed to supplying energy to its customers in a stable, economical, efficient and responsible way, adding:
“Investments like Jackdaw are consistent with the UK’s North Sea Transition Deal and Shell’s Powering Progress strategy, providing the energy people need today while serving as the foundation for investments in the low carbon energy system of the future.”
When it reaches peak production, Jackdaw could be contributing about 6% of total UK North Sea gas production at 40,000 barrels of oil equivalent per day, while only being responsible for 1% of the basin’s total operational emissions.
Shell, which also makes the popular Shell Gadus grease and other lubricants, says the project will provide a substantial boost for jobs, companies and communities. Subject to stable fiscal policies and approval from the board, Shell expects to invest up to £25 billion in the UK over the coming decade.
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