Shell Opts To Invest In North Sea’s Fram Field

Royal Dutch Shell (NYSE: RDS.A) has reached a final investment decision (FID) for the Fram gas and condensate field in the U.K. North Sea, the company said June 25.

At its peak, the Fram Field is expected to produce about 41 million standard cubic feet a day of gas and 5,300 barrels per day of condensate, which combined equates to 12,400 barrels of oil equivalent per day, Shell said in a news release.

“Fram is a simplified and cost-effective project that will allow us to develop this field profitably,” said Andy Brown, upstream director for Shell. “Through our ongoing work with partners to maximize the economic recovery of the North Sea, we’ve been able to transform and revitalize Shell’s U.K. upstream business by focusing on competitive projects and cost effective operations.”