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  1. Market Data
May 12, 2022

Claymore Conventional Oil Field, UK

By Carmen

Claymore is a producing conventional oil field located in shallow water in the UK and is operated by Repsol Sinopec Resources UK. The field is located in block 14/19n CLAYMORE FIELD AREA, 14/19s REST OF BLOCK, 14/20b CLAYMORE EXTENSION AREA, and 14/19a ALL, with water depth of 410 feet.

Two expansion projects are associated with the Claymore conventional oil field, namely Main Area Claymore Recovery Optimisation (MACRO) Project Phase 2 and North Area Claymore Development (NAC) Project. The expansion projects are currently in the construction and feasibility stage, targeting start-up during 2022 – 2023.

Field participation details

The field is owned by Korea National Oil, China Petrochemical and Repsol.


Production from Claymore

The Claymore conventional oil field recovered 98.52% of its total recoverable reserves, with peak production in 1984. The peak production was approximately 100.51 thousand bpd of crude oil and condensate and 23 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 9.39 Mmboe, comprised of 9.25 Mmbbl of crude oil & condensate and 0.79 bcf of natural gas reserves.


About Repsol Sinopec Resources UK

Repsol Sinopec Resources UK Ltd (Repsol Sinopec), formerly known as Talisman Sinopec Energy UK Ltd, is an oil and gas company that offers exploration services. Its oil and gas exploration fields include Arbroath, Auk, Bleo Holm, Claymore, Montrose, Flotta, Saltire, Beatrice, Buchan, Clyde, Fulmar, Piper, and Tartan. The company explores, discovers, and produces oil and gas across the North Sea. It operates in floating facilities, offshore platforms, onshore terminal in Flotta, and others. Repsol Sinopec holds interest and operates oil fields on the UK Continental Shelf with offshore installations and onshore terminal. The company also offers construction, installation, fabrication, subsea engineering, and drilling services. Repsol Sinopec, a subsidiary of Talisman Colombia Holdco Ltd, is headquartered in Aberdeen, Scotland, the UK.

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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