Rydberg is a conventional oil development located in ultra-deepwater in the US and is operated by Shell Offshore. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Rydberg was discovered in 2014, lies in block Mississippi Canyon 525, with water depth of around 7,479 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project was approved in 2022.
Field participation details
The field is owned by China National Offshore Oil, Ecopetrol and Shell.
Production from Rydberg
Production from the Rydberg conventional oil development project is expected to begin in 2023 and is forecast to peak in 2026, to approximately 15,487 bpd of crude oil and condensate and 15 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2069.
Remaining recoverable reserves
The field is expected to recover 106.55 Mmboe, comprised of 91.93 Mmbbl of crude oil & condensate and 87.74 bcf of natural gas reserves.
Contractors involved in the Rydberg conventional oil field
The key contractors involved in the Rydberg project as follows.
Other Contractors: Noble
About Shell Offshore
Shell Offshore Inc (Shell Offshore) an oil and gas company which offers the wholesale distribution of petroleum and petroleum products. The company is headquartered in Houston, Texas, the US.
For more details on the Rydberg 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.
