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Total launches Edradour development and acquires a 60% interest in Glenlivet


Published Jul 4, 2014
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Total, together with its partner DONG, has decided to launch the development of the Edradour gas field in the West of Shetland area, and has in addition acquired a 60% interest in the neighboring Glenlivet discovery. The tie backs of Edradour and Glenlivet to Laggan-Tormore are expected to add reserves of more than 65 million barrels of oil equivalent.

'With the upcoming start up of Laggan-Tormore, the sanction of Edradour and the entry into Glenlivet, Total is establishing a new strategic hub in the West of Shetland area' said Patrice de Vivies, Total's Senior Vice President Exploration & Production, Northern Europe. 'The sanction of Edradour also demonstrates our focus on cost discipline. The development was put on hold in 2013 due to significant cost increases following the tendering process, but subsequent negotiations with the contractors have reduced the costs to an acceptable level, allowing us to successfully launch the project.'

Tags: DONG Energy, Total




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