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  1. Market Data
May 5, 2022

Lancelot Conventional Gas Field, UK

By Carmen

Lancelot is a producing conventional gas field located in shallow water in the UK and is operated by Perenco Gas (U.K.). The field is located in block 48/17a HEAD LICENCE – LANCELOT AND EXCALIBUR, 48/17b LANCELOT FIELD AREA, and 48/18a HEAD LICENCE – LANCELOT AND EXCALIBUR, with water depth of 112 feet.

Field participation details

The field is owned by Everard Energy and Perenco Holdings.


Production from Lancelot

The Lancelot conventional gas field recovered 99.62% of its total recoverable reserves, with peak production in 1995. The peak production was approximately 1.26 thousand bpd of crude oil and condensate and 84 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2038.


Remaining recoverable reserves

The field is expected to recover 0.21 Mmboe, comprised of 0.02 Mmbbl of crude oil & condensate and 1.11 bcf of natural gas reserves.


About Perenco Gas (U.K.)

Perenco Gas (U.K.) Limited provides oil and gas exploration and production services.

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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