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November 23, 2021

Avalon Conventional Oil Field, UK

By Carmen

Avalon is a conventional oil development located in shallow water in the UK and is operated by Ping Petroleum UK. Discovered in 2014, Avalon lies in block 21/6b ALL, with water depth of around 389 feet.

The project is currently in feasibility stage and is expected to start commercial production in 2023. The Avalon conventional oil development will involve the drilling of approximately one wells and includes subsea tree.

Field participation details

The field is owned by Ping Petroleum and Dagang NeXchange.


Production from Avalon

Production from the Avalon conventional oil development project is expected to begin in 2023 and is forecast to peak in 2023, to approximately 5,400 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2113.


Remaining recoverable reserves

The field is expected to recover 19.26 Mmboe, comprised of 19.26 Mmbbl of crude oil & condensate.


Contractors involved in the Avalon conventional oil field

The key contractors involved in the Avalon project as follows.

Other Contractors: Stena Drilling

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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