Leverett is a conventional oil development located in shallow water in the UK and is operated by NEO Energy (ZNI). Leverett lies in block 21/3d ALL, with water depth of around 820 feet.
The project is currently in feasibility stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2022. The Leverett conventional oil development will involve the drilling of approximately four wells and includes subsea tree.
Field participation details
The field is owned by HitecVision.
Production from Leverett
Production from the Leverett conventional oil development project is expected to begin in 2025 and is forecast to peak in 2026, to approximately 9,360 bpd of crude oil and condensate and 120 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2057.
Remaining recoverable reserves
The field is expected to recover 53.53 Mmboe, comprised of 17.07 Mmbbl of crude oil & condensate and 218.8 bcf of natural gas reserves.
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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