In what is the latest in a series of announcements aimed at transforming the Atlantic’s role as an oil-producing region, the consortium, which also includes Shell, ConocoPhillips and Chevron, has said that drilling has already begun on the first of five wells planned over the next two years. Up to 12 wells could be drilled, depending on initial results.
Clair, located to the west of Shetland, is already known as a "monster" field, holding eight billion barrels of oil. However, up until now it has been technically difficult to bring this ashore.
BP and its partners hope the appraisal programme will lead to a third phase, taking production well beyond 2050, with any new oil continuing to be pumped by pipeline to Shetland.
BP North Sea regional president Trevor Garlick said: "This is a major milestone and a further big commitment to the west of Shetland by BP and its co-venturers. If successful, the appraisal programme could pave the way for a third phase of development at Clair, something that is now a real possibility."
