Loyal Redevelopment is a producing conventional oil field located in deepwater in the UK and is operated by BP Exploration Operating. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 204/20a LOYAL AREA, with water depth of 1,535 feet. Buy the profile here.
Field participation details
The field is owned by BP and Shell.
Production from Loyal Redevelopment
The Loyal Redevelopment conventional oil field recovered 33.50% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 13.79 thousand bpd of crude oil and condensate and 6.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2056. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 40.39 Mmboe, comprised of 38.98 Mmbbl of crude oil & condensate and 8.43 bcf of natural gas reserves. Loyal Redevelopment conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
About BP Exploration Operating
BP Exploration Operating Company is the holding entity for several of the exploration and production subsidiaries of BP plc.
For more details on the Loyal Redevelopment 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.
