Flyndre, straddling the UK/Norwegian median line, and the nearby Cawdor in UK waters, were both discovered during the 1970s. Maersk Oil UK operates both fields which are roughly 293 km (182 mi) southeast of Aberdeen in UK blocks 30/13 and 30/14 (Flyndre and Cawdor) and block 1/5 of the Norwegian North Sea (Flyndre only).
The company has been working on concept studies for the past five years and hopes to start development soon.
Both fields will be connected to Buchan via single production wells with the potential for two more wells on Cawdor, pending field experience.
Gross production from the Flyndre well is expected to peak at around 10,000 b/d of oil with first oil expected in 2016. Cawdor, due onstream in 2017, should peak at around 5,000 b/d.
Maersk Oil UK plans to invest around $505 million in the two projects.
“Approval of the plan supports our long-term strategy for growth and our aim of doubling production in the UK North Sea,” said managing director Martin Rune Pedersen.