Pegasus West is a conventional gas development located in shallow water in the UK and is operated by Spirit Energy Resources. Discovered in 2014, Pegasus West lies in block 43/13b ALL, 43/19b ALL, 43/17b ALL, 43/18b ALL, and 43/12 ALL, with water depth of around 95 feet.
The project is currently in approval stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project will be approved in 2021. The Pegasus West conventional gas development will involve the drilling of approximately one wells and includes subsea manifold and subsea trees.
Field participation details
The field is owned by Stadtwerke Munchen, Neptune Energy Group and Centrica.
Production from Pegasus West
Production from the Pegasus West conventional gas development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 306 bpd of crude oil and condensate and 46 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2038.
Remaining recoverable reserves
The field is expected to recover 17.75 Mmboe, comprised of 0.66 Mmbbl of crude oil & condensate and 102.54 bcf of natural gas reserves.
Contractors involved in the Pegasus West conventional gas field
The key contractors involved in the Pegasus West project as follows.
Other Contractors: Noble
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.