Pilot is a heavy oil development located in shallow water in the UK and is operated by Ping Petroleum UK. 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.
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The project is currently in approval stage and is expected to start commercial production in 2025. The development cost is expected to be $1,616 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 Dagang NeXchange, Orcadian Energy (CNS) and Ping Petroleum Sdn.
Production from Pilot
Production from the Pilot heavy oil development project is expected to begin in 2025 and is forecast to peak in 2027, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2040.
Contractors involved in the Pilot heavy oil field
Some of the key contractors involved in the Pilot project as follows.
Design/FEED Engineering: SBM Offshore
Other Contractors: Petrofac, KCA Deutag Alpha, Fugro, RSK Group and Crondall Energy Consultants
About Ping Petroleum UK
Ping Petroleum UK Plc (Ping Petroleum UK) is an upstream company, focused on shallow water offshore production and development opportunities. Ping Petroleum UK is headquartered in London, Greater London, the UK.
For more details on the Pilot Heavy Oil Field, buy the profile here.
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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.
