Buzzard is a producing conventional oil field located in shallow water in the UK and is operated by CNOOC Petroleum Europe. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 19/10a ALL, 19/5a ALL, 20/6a ALL, and 20/1 SOUTH AREA OF THE BLOCK, with water depth of 382 feet. Buy the profile here.
Field participation details
The field is owned by China National Offshore Oil, Harbour Energy, ONE-Dyas and Suncor Energy.
Production from Buzzard
The Buzzard conventional oil field recovered 86.80% of its total recoverable reserves, with peak production in 2008. The peak production was approximately 199.73 thousand bpd of crude oil and condensate and 40.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 5% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 128.79 Mmboe, comprised of 123.46 Mmbbl of crude oil & condensate and 31.92 bcf of natural gas reserves. Buzzard conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.
About CNOOC Petroleum Europe
CNOOC Petroleum Europe Ltd, is an energy company that carries out the exploration, development, production, processing and transportation of crude oil and natural gas. The company is headquartered in London, Greater London, the UK.
For more details on the Buzzard Conventional Oil Field, buy the profile here.