Babbage is a producing unconventional gas field located in shallow water in the UK and is operated by Neo Energy (SNS). The field is located in block 48/2a ALL, with water depth of 141 feet.
Field participation details
The field is owned by Korea National Oil and HitecVision.
Production from Babbage
The Babbage unconventional gas field recovered 74.92% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 51 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2037.
Remaining recoverable reserves
The field is expected to recover 8.36 Mmboe, comprised of 50.16 bcf of natural gas reserves. Babbage unconventional gas field reserves accounts 0.01% of total remaining reserves of producing unconventional gas fields globally.
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.