Downsized development will use tieback
Shell’s recent $556 million sale of North Sea properties has not diminished the company’s interest in the basin, as Shell has approved its second North Sea project this year.

The Fram field is getting a second chance at life, after Shell abandoned the play as uneconomic in 2013. First appraised in 2009, Shell planned to develop the field using eight wells and a new floating production, storage and offloading vessel (FPSO). However, further drilling showed a smaller reservoir than expected, so all devel...

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