Chestnut is a producing conventional oil field located in shallow water in the UK and is operated by Spirit Energy North Sea Oil. The field is located in block 22/2a CHESTNUT FIELD, with water depth of 402 feet.
Field participation details
The field is owned by Centrica, Korea National Oil and Stadtwerke Munchen.
Production from Chestnut
The Chestnut conventional oil field recovered 91.42% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 9.43 thousand bpd of crude oil and condensate and 7 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.
Remaining recoverable reserves
The field is expected to recover 2.85 Mmboe, comprised of 2.56 Mmbbl of crude oil & condensate and 1.74 bcf of natural gas reserves.
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.