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Total announces major gas discovery off Shetland | Total announces major gas discovery off Shetland |
(35 minutes later) | |
Energy company Total has announced a major gas discovery off Shetland. | Energy company Total has announced a major gas discovery off Shetland. |
Initial tests at a site on the Glendronach prospect indicated there could be about one trillion cubic feet of gas which could be extracted. | Initial tests at a site on the Glendronach prospect indicated there could be about one trillion cubic feet of gas which could be extracted. |
Total's Arnaud Breuillac said the discovery could be commercialised by using the current Laggan-Tormore infrastructure. | Total's Arnaud Breuillac said the discovery could be commercialised by using the current Laggan-Tormore infrastructure. |
Total has a 60% stake in the site. Energy company SSE and chemicals firm Ineos each have a 20% interest. | Total has a 60% stake in the site. Energy company SSE and chemicals firm Ineos each have a 20% interest. |
SSE bought its stake in 2015. | |
Mr Breuillac, Total's president of exploration and production, said: "Glendronach is a significant discovery for Total which gives us access to additional gas resources in one of our core areas and validates our exploration strategy. | Mr Breuillac, Total's president of exploration and production, said: "Glendronach is a significant discovery for Total which gives us access to additional gas resources in one of our core areas and validates our exploration strategy. |
"Located on an emerging play of the prolific west of Shetland area, the discovery can be commercialised quickly and at low cost." | "Located on an emerging play of the prolific west of Shetland area, the discovery can be commercialised quickly and at low cost." |
'Exciting potential' | 'Exciting potential' |
The Greater Laggan area is about 125km (78 miles) north west of Shetland. | The Greater Laggan area is about 125km (78 miles) north west of Shetland. |
Deirdre Michie, industry body Oil and Gas UK's chief executive, said: "This is a major discovery by Total which demonstrates the exciting potential the West of Shetland frontier region holds." | Deirdre Michie, industry body Oil and Gas UK's chief executive, said: "This is a major discovery by Total which demonstrates the exciting potential the West of Shetland frontier region holds." |
However, Friends of the Earth Scotland director Dr Richard Dixon said: "This exploitation of this new gas discovery off the coast of Shetland is incompatible with a country and a world that takes climate action seriously. | |
"This gas should stay where is it." |