First oil delivery from Kraken North Sea field

One of the North Sea’s largest new oil projects in a decade has seen the first delivery of oil. Located around 125km east off the Shetland Islands, the Kraken field is expected to contain around 128 million barrels of oil. The project will also support more than 1,000 jobs in the UK for each year […]

UK firm to invest £4bn in 'Kraken' North Sea oil field

British independent oil firm EnQuest is to invest £4 billion in a field off Shetland – a contender for the largest investment announced in the UK North Sea this year. The Government gave the go-ahead to develop the Kraken field estimated to contain 137 million barrels of oil – around 1.5% of the UK’s remaining […]