Pierce is a producing conventional oil field located in shallow water in the UK and is operated by Shell EP Offshore Ventures. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 23/27a ALL and 23/22a ALL, with water depth of 363 feet. Buy the profile here.
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Field participation details
The field is owned by Delek Group and Shell.
Production from Pierce
The Pierce conventional oil field recovered 73.00% of its total recoverable reserves, with peak production in 2000. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032. The field currently accounts for approximately 1% of the country’s daily output.
About Shell EP Offshore Ventures
Shell EP Offshore Ventures Ltd is engaged in oil and gas exploration and production in the UK. The company is a wholly owned subsidiary of Royal Dutch Shell plc.
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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.
