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.
Field participation details
The field is owned by State Oil.
Production from Lancaster Eps
The Lancaster Eps conventional oil field recovered 94.12% 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, formerly known as Hurricane Energy Plc, is an oil and gas exploration and development company that discovers and develops oil from fractured basement reservoirs. The company provides exploration properties such as lancaster basement prospect, whirlwind basement discovery, lincoln basement prospect, and others. It offers exploration services such as typhoon basement prospect, halifax basement prospect, warwick basement prospect and strathmore sandstone discovery, among others. Prax also provides wireline tools which are used to measure geological and fluid properties of the reservoir and for engineering activities. The company's license blocks are located 60 miles West of Shetland and 100 miles north of mainland Scotland. Prax is headquartered in Godalming, Surrey, the UK
For more details on the Lancaster Eps Conventional Oil Field, buy the profile here.