Risk levels, anticipated payoff dictate field development strategy

Ortiz, Tom
November 2015
Offshore;Nov2015, Vol. 75 Issue 11, p54
Trade Publication
The article discusses the comparison of Quad 204 Project in the North Sea of Great Britain and Lula oil field project in Santos basin in Brazil. It mentions that the Quad 204 Project involves the redevelopment of the Schiehallion which is one of the biggest fields in Great Britain and Loyal fields which is located west of the Shetland Islands in Blocks 204 and 205 of Continental Shelf. It notes that Lula oil field is considered to be the largest oil discovery in the Western Hemisphere.


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