Buzzard is a producing conventional oil field located in shallow water in the UK and is operated by CNOOC Petroleum Europe. The field is located in block 19/10a ALL, 19/5a ALL, 20/6a ALL, and 20/1 SOUTH AREA OF THE BLOCK, with water depth of 382 feet.
Field participation details
The field is owned by Harbour Energy, Suncor Energy, China National Offshore Oil and ONE-Dyas.
Production from Buzzard
The Buzzard conventional oil field recovered 84.00% of its total recoverable reserves, with peak production in 2008. The peak production was approximately 199.73 thousand bpd of crude oil and condensate and 40 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040. The field currently accounts for approximately 5% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 156.21 Mmboe, comprised of 149.78 Mmbbl of crude oil & condensate and 38.61 bcf of natural gas reserves. Buzzard conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.
About CNOOC Petroleum Europe
CNOOC Petroleum Europe Ltd, is an energy company that carries out the exploration, development, production, processing and transportation of crude oil and natural gas. The company is headquartered in London, Greater London, the UK.
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.