Perth is a conventional oil development located in shallow water in the UK and is operated by Parkmead (E&P). Discovered in 1983, Perth lies in block 14/25a ALL, 15/21a Residual Area, 15/21b RESIDUAL AREA, 15/21c ALL, 15/21a Gamma Area, 15/21e Residual Area, and 15/21e Gamma Area, with water depth of around 471 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 2022. The Perth conventional oil development will involve the drilling of approximately seven wells and includes subsea manifold and subsea trees.

Field participation details

The field is owned by The Parkmead Group .


Production from Perth

Production from the Perth conventional oil development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 14,800 bpd of crude oil and condensate and 9 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2054.


Remaining recoverable reserves

The field is expected to recover 36.39 Mmboe, comprised of 33.49 Mmbbl of crude oil & condensate and 17.41 bcf of natural gas reserves.


Contractors involved in the Perth conventional oil field

Some of the key contractors involved in the Perth project as follows.

Design/FEED Engineering: TechnipFMC

Other Contractors: Agr Tracs International, Independent Project Controls and Subsea 7

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.