Kraken is a producing heavy oil field located in shallow water in the UK and is operated by EnQuest Heather. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 9/2b ALL, with water depth of 408 feet. Buy the profile here.

Field participation details

The field is owned by EnQuest and Waldorf Production.

Production from Kraken

The Kraken heavy oil field recovered 55.14% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 32.88 thousand bpd of crude oil and condensate and 4.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036. The field currently accounts for approximately 2% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 42.45 Mmboe, comprised of 40.14 Mmbbl of crude oil & condensate and 13.86 bcf of natural gas reserves. Kraken heavy oil field reserves accounts 0.10% of total remaining reserves of producing heavy oil fields globally.

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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.