Pilot is a heavy oil development located in shallow water in the UK and is operated by Orcadian Energy (CNS). According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Pilot was discovered in 1989, lies in block 21/27a ALL, with water depth of around 266 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2025. The development cost is expected to be $720 m. The Pilot heavy oil development will involve the drilling of approximately 30 wells and includes FPSO and wellhead platforms.
Field participation details
The field is owned by Orcadian Energy (CNS).
Production from Pilot
Production from the Pilot heavy oil development project is expected to begin in 2025 and is forecast to peak in 2027, to approximately 40,485 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2040.
Remaining recoverable reserves
The field is expected to recover 92.71 Mmboe, comprised of 92.71 Mmbbl of crude oil & condensate.
Contractors involved in the Pilot heavy oil field
Some of the key contractors involved in the Pilot project as follows.
Other Contractors: Petrofac, KCA Deutag Alpha, Fugro, Axis Well Technology and Crondall Energy Consultants
About Orcadian Energy (CNS)
Orcadian Energy (CNS) Ltd (Orcadian Energy), formerly Pharis Energy Ltd operates as an upstream oil and gas company. It offers exploration and production of heavy oil and natural gas. The company holds interests in promoting licence P2244, which includes Block 21/27a covering Pilot Main, Pilot South and Harbour fields. Orcadian Energy holds interests in Elke and Narwhal fields, Pilot Channels, Blakeney, Feugh, Dandy and Crinan fields. The company uses steam flood approach that helps to maximize oil recovery. Orcadian Energy is headquartered in Surbiton, the UK.
For more details on the Pilot Heavy Oil Field, buy the profile here.