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.
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.