Laverda is a conventional oil development located in shallow water in the UK and is operated by Premier Oil UK. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Laverda was discovered in 2016, lies in block 28/4a ALL and 28/9d ALL, with water depth of around 298 feet. Buy the profile here.

The project is currently in commissioning stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project was approved in 2019. The Laverda conventional oil development will involve the drilling of approximately one wells and includes subsea tree.

Field participation details

The field is owned by Harbour Energy, MOL Hungarian Oil and Gas, ONE-Dyas and Waldorf Production.

Production from Laverda

Production from the Laverda conventional oil development project is expected to begin in 2023 and is forecast to peak in 2023, to approximately 4,004 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2046.

Remaining recoverable reserves

The field is expected to recover 6.81 Mmboe, comprised of 6.81 Mmbbl of crude oil & condensate.

Contractors involved in the Laverda conventional oil field

The key contractors involved in the Laverda project as follows.

Other Contractors: GMC Inspection Services

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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.