Varadero is a producing conventional oil field located in shallow water in the UK and is operated by Premier Oil UK. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 28/9a ALL, with water depth of 293 feet. Buy the profile here.
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Field participation details
The field is owned by Harbour Energy, MOL Hungarian Oil and Gas, ONE-Dyas and Waldorf Production.
Production from Varadero
The Varadero conventional oil field recovered 38.38% of its total recoverable reserves, with peak production in 2019. Based on economic assumptions, production will continue until the field reaches its economic limit in 2064. The field currently accounts for approximately 1% of the country’s daily output.
For more details on the Varadero 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.
