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November 26, 2021updated 27 Apr 2022 11:46am

Shaw Conventional Oil Field, UK

By Carmen

Shaw is a producing conventional oil field located in shallow water in the UK and is operated by Repsol Sinopec Resources UK. The field is located in block 22/22a ALL, with water depth of 319 feet.

Field participation details

The field is owned by China Petrochemical, Repsol and Delek Group.


Production from Shaw

The Shaw conventional oil field recovered 52.35% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 15.39 thousand bpd of crude oil and condensate and 14 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 22.9 Mmboe, comprised of 19.68 Mmbbl of crude oil & condensate and 19.3 bcf of natural gas reserves.


About Repsol Sinopec Resources UK

Repsol Sinopec Resources UK Ltd (Repsol Sinopec), formerly known as Talisman Sinopec Energy UK Ltd, is an oil and gas company that offers exploration services. Its oil and gas exploration fields include Arbroath, Auk, Bleo Holm, Claymore, Montrose, Flotta, Saltire, Beatrice, Buchan, Clyde, Fulmar, Piper, and Tartan. The company explores, discovers, and produces oil and gas across the North Sea. It operates in floating facilities, offshore platforms, onshore terminal in Flotta, and others. Repsol Sinopec holds interest and operates oil fields on the UK Continental Shelf with offshore installations and onshore terminal. The company also offers construction, installation, fabrication, subsea engineering, and drilling services. Repsol Sinopec, a subsidiary of Talisman Colombia Holdco Ltd, is headquartered in Aberdeen, Scotland, the UK.

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.

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