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November 23, 2021updated 28 Apr 2022 5:43am

Marigold Conventional Oil Field, UK

By Carmen

Marigold is a conventional oil development located in shallow water in the UK and is operated by Anasuria Hibiscus UK. Marigold lies in block 15/13a ALL, with water depth of around 833 feet.

The project is currently in approval stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project will be approved in 2023. The Marigold conventional oil development will involve the drilling of approximately three wells and includes FPSO, subsea manifold, and subsea trees.

Field participation details

The field is owned by Hibiscus Petroleum and Aban Offshore.


Production from Marigold

Production from the Marigold conventional oil development project is expected to begin in 2024 and is forecast to peak in 2024, to approximately 23,350 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2042.


Remaining recoverable reserves

The field is expected to recover 58.79 Mmboe, comprised of 58.79 Mmbbl of crude oil & condensate.


Contractors involved in the Marigold conventional oil field

Some of the key contractors involved in the Marigold project as follows.

Design/FEED Engineering: Worley

Other Contractors: TechnipFMC

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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