Seeking Alpha

Total launches Edradour gas field development

  • Total (TOT) says it will develop the Edradour gas field in the U.K.'s West of Shetland area, after negotiating lower costs with contractors and buying a 60% stake in the neighboring Glenlivet field.
  • Edradour and Glenlivit, which will add 65M boe of reserves, will be tied to the Laggan-Tormore hub to process gas from fields in the North Atlantic, with a capacity of 90K boe/day; TOT says the project, due to start up this year, will help it become the U.K.’s biggest producer in 2015.
  • TOT owns 75% of Edradour, with partner Dong Energy holding the rest.
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