Babbage is a producing unconventional gas field located in shallow water in the UK and is operated by Neo Energy Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 48/2a ALL, with water depth of 141 feet. Buy the profile here.
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Field participation details
The field is owned by Korea National Oil and Neo Energy Group.
Production from Babbage
The Babbage unconventional gas field recovered 67.83% of its total recoverable reserves, with peak production in 2014. Based on economic assumptions, production will continue until the field reaches its economic limit in 2044.
About Neo Energy Petroleum
Neo Energy Petroleum Ltd (Neo Energy) is a company that produces and explores crude oil, natural gas, and other related products. Neo Energy is headquartered in London, Greater London, the UK.
For more details on the Babbage Unconventional Gas 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.
