Alkaid is a conventional oil development located onshore the US and is operated by Great Bear Petroleum Ventures I. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Alkaid was discovered in 2019 Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2023. The Alkaid conventional oil development will involve the drilling of approximately 44 wells.
Field participation details
The field is owned by Pantheon Resources.
Production from Alkaid
Production from the Alkaid conventional oil development project is expected to begin in 2023 and is forecast to peak in 2026, to approximately 3,120 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2062.
Remaining recoverable reserves
The field is expected to recover 17.44 Mmboe, comprised of 17.44 Mmbbl of crude oil & condensate.
Contractors involved in the Alkaid conventional oil field
Some of the key contractors involved in the Alkaid project as follows.
Other Contractors: Nabors Industries, Schlumberger, Nordic-Calista Services and eSeis
For more details on the Alkaid Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
