Pierce is a producing conventional oil field located in shallow water in the UK and is operated by Shell EP Offshore Ventures. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 23/27a ALL and 23/22a ALL, with water depth of 363 feet. Buy the profile here.
An expansion project is associated with the Pierce, namely the Pierce Depressurisation Project. This project is currently in the construction stage, expected to start in 2023.
Field participation details
The field is owned by Delek Group and Shell.
Production from Pierce
The Pierce conventional oil field recovered 99.98% of its total recoverable reserves, with peak production in 2000. The peak production was approximately 52.41 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026.
Remaining recoverable reserves
The field is expected to recover 0.03 Mmboe, comprised of 0.00 Mmbbl of crude oil & condensate and 0.19 bcf of natural gas reserves.
Contractors involved in the Pierce conventional oil field
Some of the key contractors involved in the Pierce project as follows.
Main EPC: Subsea 7
Other Contractors: Subsea 7, Global Engineering and Construction Group, GMC Inspection Services and Royston
About Shell EP Offshore Ventures
Shell EP Offshore Ventures Ltd is engaged in oil and gas exploration and production in the UK. The company is a wholly owned subsidiary of Royal Dutch Shell plc.
For more details on the Pierce 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.
