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.
Production from Pierce
The Pierce conventional oil field recovered 83.26% of its total recoverable reserves, with peak production in 2000. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032.
For more details on the Pierce Conventional Oil Field, buy the profile here.