Cheviot is a redevelopment of the Emerald field which was discovered in 1975 and initially developed in the mid-1990’s. However, as a result of insufficient water handling capacity, the Emerald field was abandoned early when only 8% of the original oil in place had been produced.
Alpha was awarded the licence in the 21st Licence Round.
Alpha has re-evaluated the development and a Field Development Plan was submitted in December 2015. The subsurface work to date indicates remaining recoverable volumes of at least 55 mmbbls and 100 bcf from the main Emerald sand. In addition, two satellite discoveries – Peel (oil) and Padon (gas) – will form part of the development and Alpha will look to use the Cheviot facility as a hub for other nearby discoveries.