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.
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 27.21% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 12.23 thousand bpd of crude oil and condensate and 5.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2079. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 49.43 Mmboe, comprised of 43.85 Mmbbl of crude oil & condensate and 33.52 bcf of natural gas reserves. Varadero conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
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.
