Kraken North 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 402 feet.
Field participation details
The field is owned by EnQuest and Waldorf Production.
Production from Kraken North
The Kraken North heavy oil field recovered 50.84% of its total recoverable reserves, with peak production in 2018. The peak production was approximately 7.99 thousand bpd of crude oil and condensate and 1 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036.
Remaining recoverable reserves
The field is expected to recover 8.33 Mmboe, comprised of 8.15 Mmbbl of crude oil & condensate and 1.09 bcf of natural gas reserves. Kraken North heavy oil field reserves accounts 0.02% 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.