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Home Business Local Business

Spirit Energy field given new lease of life with £35m investment

By Mark Lammey
Teekay’s Hummingbird Spirit floating production, storage and offloading (FPSO) vessel
Teekay’s Hummingbird Spirit floating production, storage and offloading (FPSO) vessel

About 70 North Sea jobs have been safeguarded by a £35million investment in an oil field whose days looked numbered as recently as one year ago.

Newly-formed Spirit Energy said a third production well had come on stream on the Chestnut field.

Chestnut, 125miles north-east of Aberdeen, would have been shut down this year had the investment not been sanctioned.

Read more on Energy Voice here.