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December 6, 2021updated 27 Apr 2022 12:34pm

Loyal Redevelopment Conventional Oil Field, UK

By Carmen

Loyal Redevelopment is a producing conventional oil field located in deepwater in the UK and is operated by BP Exploration Operating. The field is located in block 204/20a LOYAL AREA, with water depth of 1,535 feet.

Field participation details

The field is owned by Shell and BP.


Production from Loyal Redevelopment

The Loyal Redevelopment conventional oil field recovered 28.01% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 13.79 thousand bpd of crude oil and condensate and 6 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2056. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 43.87 Mmboe, comprised of 41.19 Mmbbl of crude oil & condensate and 16.13 bcf of natural gas reserves. Loyal Redevelopment conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About BP Exploration Operating

BP Exploration Operating Company is the holding entity for several of the exploration and production subsidiaries of BP plc.

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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