Silvertip is a producing heavy oil field 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, the field is located in block Alaminos Canyon 815, with water depth of 9,627 feet. Buy the profile here.

Field participation details

The field is owned by Chevron and Shell.

Production from Silvertip

The Silvertip heavy oil field recovered 38.33% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 9.76 thousand bpd of crude oil and condensate and 4.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2059.

Remaining recoverable reserves

The field is expected to recover 51.05 Mmboe, comprised of 47.58 Mmbbl of crude oil & condensate and 20.81 bcf of natural gas reserves. Silvertip heavy oil field reserves accounts 0.12% of total remaining reserves of producing heavy oil fields globally.

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.

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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.