Nailsworth is a conventional gas development located in shallow water in the UK and is operated by IOG North Sea. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Nailsworth was discovered in 1987, lies in block 48/25b NORTH WEST VULCAN AREA and 48/25a ALL, with water depth of around 102 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project will be approved in 2023. The Nailsworth conventional gas development will involve the drilling of approximately three wells and includes wellhead platform.
Field participation details
The field is owned by Berkshire Hathaway Energy and Independent Oil and Gas.
Production from Nailsworth
Production from the Nailsworth conventional gas development project is expected to begin in 2024 and is forecast to peak in 2025, to approximately 33 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2044.
Remaining recoverable reserves
The field is expected to recover 15.05 Mmboe, comprised of 90.27 bcf of natural gas reserves.
Contractors involved in the Nailsworth conventional gas field
Some of the key contractors involved in the Nailsworth project as follows.
Design/FEED Engineering: John Wood Group and Heerema International Group Services
EPC Contractors: Heerema International Group Services
Other Contractors: Schlumberger and DORIS Engineering
For more details on the Nailsworth Conventional Gas 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.
