Verbier is a conventional oil development located in shallow water in the UK and is operated by Neo Energy Group. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Verbier was discovered in 2017, lies in block 20/5b ALL and 21/1d ALL, with water depth of around 394 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2023. The Verbier conventional oil development will includes wellhead platform.
Field participation details
The field is owned by Jersey Oil and Gas and Neo Energy Group.
Production from Verbier
Production from the Verbier conventional oil development project is expected to begin in 2025 and is forecast to peak in 2026, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2051.
About Neo Energy Group
Neo Energy Group Ltd is a leading private equity investor focused on Europe’s offshore energy industry. The company is headquartered in Aberdeen, Scotland, the UK.
For more details on the Verbier Conventional Oil Field, buy the profile here.