Lancaster Eps is a producing conventional oil field located in shallow water in the UK and is operated by Prax Upstream. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 205/21a P1368 CENTRAL, with water depth of 514 feet. Buy the profile here.
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Field participation details
The field is owned by State Oil.
Production from Lancaster Eps
The Lancaster Eps conventional oil field recovered 94.14% of its total recoverable reserves, with peak production in 2020. Based on economic assumptions, production will continue until the field reaches its economic limit in 2024. The field currently accounts for approximately 1% of the country’s daily output.
About Prax Upstream
Prax Upstream Ltd (Prax), formerly known as Hurricane Energy Plc, is an oil and gas exploration and development company. It buys and sells crude oil, petroleum products and biofuels. Prax carries out exploration, production, refining, logistics, and integrated supply and optimization business. The company operates upstream, midstream, and downstream businesses, including refining, blending, exploration, and production activities. Prax owns and operates the Lancaster Oil Field and Prax Lindsey Oil Refinery. The company markets fuels and products across retail, industrial, commercial, aviation, and marine business lines, aiming to meet diverse customer demands. Prax is headquartered in Godalming, Surrey, the UK.
For more details on the Lancaster Eps 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.
