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November 18, 2021updated 28 Apr 2022 5:43am

Verbier Conventional Oil Field, UK

By Carmen

Verbier is a conventional oil development located in shallow water in the UK and is operated by Jersey Oil and Gas. Discovered in 2017, Verbier lies in block 20/5b ALL and 21/1d ALL, with water depth of around 394 feet.

The project is currently in feasibility stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2022. The Verbier conventional oil development will includes wellhead platform.

Field participation details

The field is owned by Jersey Oil and Gas.


Production from Verbier

Production from the Verbier conventional oil development project is expected to begin in 2025 and is forecast to peak in 2026, to approximately 9,640 bpd of crude oil and condensate and 5 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2050.


Remaining recoverable reserves

The field is expected to recover 30.67 Mmboe, comprised of 28.31 Mmbbl of crude oil & condensate and 14.14 bcf of natural gas reserves.


Contractors involved in the Verbier conventional oil field

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

Other Contractors: KBR, Petrofac, PGS, Seadrill and Transocean

About Jersey Oil and Gas

Jersey Oil and Gas Plc (Jersey Oil), formerly Trap Oil Group Plc is an upstream oil and gas exploration and production company. The company acquires, explores, develops and produces natural gas properties in the UK continental shelf. Its oil and gas properties include Homer Block, Cortina Block, Niobe Prospect Block, Magnolia Block and Romeo Discovery Block. Jersey Oil also has various licensing agreements with blocks such as Surprise and Nutmeg oil discoveries, Savannah, Bordeaux or Brule and Orchid. The company partners with other oil and gas companies for its exploration activities. Jersey Oil is headquartered in Saint Helier, 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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