BP optimistic for UK Kinnoull economics
Despite falling oil prices BP is retaining a positive outlook of the North Sea field
BP hints it is comfortable with the economics of its new Kinnoull field, in the UK’s central North Sea, despite the oil price now being only half what it was when the development was launched. The firm says it sanctioned the project, in 2011, on the basis of likely oil prices over the field-lifetime of a decade or more. Kinnoull will also benefit the firm by extending the life of nearby Andrew field infrastructure. Kinnoull was developed as a subsea tie-back to the Andrew platform, where production was dwindling after flowing since 1996. With the Andrew platform refurbished to handle the flow from Kinnoull, it will be possible to keep the Andrew field in production for another decade. In tha
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
