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November 22, 2021updated 28 Apr 2022 5:46am

Nailsworth Conventional Gas Field, UK

By Carmen

Nailsworth is a conventional gas development located in shallow water in the UK and is operated by IOG North Sea. Discovered in 1987, Nailsworth lies in block 48/25b NORTH WEST VULCAN AREA and 48/25a ALL, with water depth of around 102 feet.

The project is currently in approval stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project will be approved in 2022. The Nailsworth conventional gas development will involve the drilling of approximately three wells and includes wellhead platform.

Field participation details

The field is owned by Independent Oil and Gas and Berkshire Hathaway Energy.


Production from Nailsworth

Production from the Nailsworth conventional gas development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 33 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2043.


Remaining recoverable reserves

The field is expected to recover 15.05 Mmboe, comprised of 90.27 bcf of natural gas reserves.


Contractors involved in the Nailsworth conventional gas field

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

Design/FEED Engineering: Heerema International Group Services and John Wood Group

EPC Contractors: Heerema International Group Services

Other Contractors: DORIS Engineering and Schlumberger

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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