B.C 7.LF is a producing conventional oil field located in shallow water in Italy and is operated by Edison Exploration & Production. The field is located in block B.C 7.LF, with water depth of 164 feet.

Field participation details

The field is owned by Energean and Gas Plus.


Production from B.C 7.LF

The B.C 7.LF conventional oil field recovered 88.35% of its total recoverable reserves, with peak production in 1986. The peak production was approximately 7.96 thousand bpd of crude oil and condensate and 15 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 7.06 Mmboe, comprised of 6.81 Mmbbl of crude oil & condensate and 1.49 bcf of natural gas reserves.


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.