Cygnus is a producing conventional gas field located in shallow water in the UK and is operated by Neptune E&P UK. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 44/11a ALL, 44/12a ALL, and 44/11b ALL, with water depth of 122 feet. Buy the profile here.
An expansion project is associated with the Cygnus, namely the Cygnus Development. This project is currently in the approval stage, expected to start in 2023.
Field participation details
The field is owned by Centrica, Neptune Energy Group and Stadtwerke Munchen.
Production from Cygnus
The Cygnus conventional gas field recovered 54.48% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 0.96 thousand bpd of crude oil and condensate and 256.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2042. The field currently accounts for approximately 3% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 71.63 Mmboe, comprised of 0.70 Mmbbl of crude oil & condensate and 425.55 bcf of natural gas reserves. Cygnus conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.
About Neptune E&P UK
Neptune E&P UK 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 Aberdeen, Scotland, the UK.
For more details on the Cygnus Conventional Gas Field, buy the profile here.