Teal is a producing conventional oil field located in shallow water in the UK and is operated by Anasuria Operating. The field is located in block 21/25a TEAL FIELDS (REST), with water depth of 305 feet.
Field participation details
The field is owned by Dagang NeXchange, Ping Petroleum and Hibiscus Petroleum.
Production from Teal
The Teal conventional oil field recovered 97.43% of its total recoverable reserves, with peak production in 2000. The peak production was approximately 31.15 thousand bpd of crude oil and condensate and 25 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2064.
Remaining recoverable reserves
The field is expected to recover 1.78 Mmboe, comprised of 1.57 Mmbbl of crude oil & condensate and 1.28 bcf of natural gas reserves.
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.