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November 25, 2021updated 27 Apr 2022 12:45pm

Kraken Heavy Oil Field, UK

By Carmen

Kraken is a producing heavy oil field located in shallow water in the UK and is operated by EnQuest Heather. The field is located in block 9/2b ALL, with water depth of 408 feet.

An expansion project is associated with the Kraken, namely Kraken Development . This project is currently in the feasibility stage.

Field participation details

The field is owned by Waldorf Production and EnQuest.


Production from Kraken

The Kraken heavy oil field recovered 45.88% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 32.88 thousand bpd of crude oil and condensate and 4 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2035. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 51.84 Mmboe, comprised of 49.15 Mmbbl of crude oil & condensate and 16.17 bcf of natural gas reserves. Kraken heavy oil field reserves accounts 0.12% of total remaining reserves of producing heavy oil 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.

Related Companies

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