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  1. Market Data
May 9, 2022

Never Delay Conventional Oil Field, Belize

By Carmen

Never Delay is a producing conventional oil field located onshore Belize and is operated by Belize Natural Energy. The field is located in block 195/O (Never Delay), 214/A, 195/Q (Never Delay), 195/R, 214/G (Never Delay), 213/E, 214/C (Never Delay), 195/N (Never Delay), 195/P (Never Delay), 194/X (Never Delay), 195/M (Never Delay), 214/F (Never Delay), 213/G (Never Delay), 194/Y (Never Delay), 195/L (Never Delay), 213/D (Never Delay), 195/U, 195/J (Never Delay), 214/B (Never Delay), 213/C (Never Delay), 195/V, 213/ H (Never Delay), 213/I (Never Delay), 213/J (Never Delay), 195/S (Never Delay), and 195/W (Never Delay).

Field participation details

The field is owned by International Natural Energy.


Production from Never Delay

The Never Delay conventional oil field recovered 94.45% of its total recoverable reserves, with peak production in 2011. The peak production was approximately 0.27 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 0.01 Mmboe, comprised of 0.01 Mmbbl of crude oil & condensate.


About Belize Natural Energy

Belize Natural Energy Ltd, is an oil exploration company.

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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