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Firms invest £330m to explore North Sea oil field

A consortium of oil companies is to invest more than $500m (£330m) in an appraisal drilling programme which could lead to further development of a giant North Sea field.

The BP-led consortium said drilling had already started on the first of five wells planned over the next two years at Clair, west of Shetland.

Up to 12 wells could be drilled, depending on initial results.

Kevin Keane reports.

  • 28 Mar 2013
  • From the section UK
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