UK Approves BP’s Vorlich Development In North Sea

The U.K. government has given BP approval to proceed with the Vorlich development in the central North Sea, BP said in a news release.

The $262 million development is targeting 30 million barrels of oil equivalent and expected to produce 20,000 barrels gross a day at peak, the company said. The two-well subsea development will be tied back to the Ithaca Energy-operated FPF-1 floating production facility in Greater Stella Area production hub, BP said.