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Quad 204 develops Schiehallion, Loyal fields
BP (ticker: BP) announced first oil today from its Quad 204 project, redeveloping the Schiehallion and Loyal fields in the North Sea.

The Schiehallion and Loyal fields have been producing since 1998, producing an estimated 400 MMBOE in total. Both fields are west of Shetland, and are directly north of Scotland. BP estimates that the two fields have an additional 450 MMBOE of resource still available. To access this, the company sanctioned the Quad 204 project in 2011.

Source: BP

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