King Embayment is a conventional oil development located in deepwater in the US and is operated by Shell Offshore. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, King Embayment was discovered in 2019, lies in block Mississippi Canyon 764, with water depth of around 3,283 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2025.
Field participation details
The field is owned by BP and Shell.
Production from King Embayment
Production from the King Embayment conventional oil development project is expected to begin in 2025 and is forecast to peak in 2026, to approximately 24,920 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2079.
Remaining recoverable reserves
The field is expected to recover 136.11 Mmboe, comprised of 136.11 Mmbbl of crude oil & condensate.
Contractors involved in the King Embayment conventional oil field
Some of the key contractors involved in the King Embayment project as follows.
Other Contractors: TechnipFMC and VIAR
About Shell Offshore
Shell Offshore Inc (Shell Offshore) an oil and gas company which offers the wholesale distribution of petroleum and petroleum products. The company is headquartered in Houston, Texas, the US.
For more details on the King Embayment 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.
