Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
November 23, 2021

Pegasus West Conventional Gas Field, UK

By Carmen

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

Content from our partners
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager
The important role of antifoam agents in oil-gas separation and amine treating

Methodology

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU