Seagull is a conventional oil development located in shallow water in the UK and is operated by Neptune E&P UK. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Seagull was discovered in 1992, lies in block 22/29c ALL, with water depth of around 313 feet. Buy the profile here.
The project is currently in commissioning stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project was approved in 2019. The development cost is expected to be $1,000 m. The Seagull conventional oil development will involve the drilling of approximately four wells and includes subsea manifold and subsea trees.
Field participation details
The field is owned by BP, Japan Petroleum Exploration and Neptune Energy Group.
Production from Seagull
Production from the Seagull conventional oil development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 30,000 bpd of crude oil and condensate and 45 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2051.
Remaining recoverable reserves
The field is expected to recover 60.05 Mmboe, comprised of 49.34 Mmbbl of crude oil & condensate and 64.30 bcf of natural gas reserves.
Contractors involved in the Seagull conventional oil field
Some of the key contractors involved in the Seagull project as follows.
Design/FEED Engineering: John Wood Group and Subsea 7
Main EPC: TechnipFMC
Other Contractors: Halliburton, NHV, Infinity Oilfield Services, Oliver Valves and GMC Inspection Services
About Neptune E&P UK
Neptune E&P UK Ltd, is an energy company that carries out the exploration, development, production, processing and transportation of crude oil and natural gas. The company is headquartered in Aberdeen, Scotland, the UK.
For more details on the Seagull 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.
