Magnus is a producing conventional 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 211/7a ALL and 211/12a ALL, with water depth of 2,002 feet. Buy the profile here.
Field participation details
The field is owned by EnQuest.
Production from Magnus
The Magnus conventional oil field recovered 95.16% of its total recoverable reserves, with peak production in 1994. The peak production was approximately 143.58 thousand bpd of crude oil and condensate and 109.00 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 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 52.15 Mmboe, comprised of 36.22 Mmbbl of crude oil & condensate and 95.59 bcf of natural gas reserves. Magnus conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
For more details on the Magnus 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.
