Teal West is a conventional oil development located in shallow water in the UK and is operated by Anasuria Hibiscus UK. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Teal West was discovered in 1991, lies in block 21/24d ALL, with water depth of around 292 feet. Buy the profile here.
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The project is currently in construction stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project was approved in 2023. The development cost is expected to be $112 m. The Teal West conventional oil development will includes subsea manifold and subsea trees.
Field participation details
The field is owned by Hibiscus Petroleum.
Production from Teal West
Production from the Teal West conventional oil development project is expected to begin in 2025 and is forecast to peak in 2027, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2074.
Contractors involved in the Teal West conventional oil field
Some of the key contractors involved in the Teal West project as follows.
EPC Contractors: Havfram
Other Contractors: Tetra Tech
For more details on the Teal West Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
