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April 28, 2022

Verbier East Conventional Oil Field, UK

By Carmen

Verbier East is a conventional oil development located in shallow water in the UK and is operated by Jersey Oil and Gas. Verbier East lies in block 20/5b ALL and 21/1d ALL, with water depth of around 869 feet.

The project is currently in feasibility stage and is expected to start commercial production in 2027.

Field participation details

The field is owned by Jersey Oil and Gas.


Production from Verbier East

Production from the Verbier East conventional oil development project is expected to begin in 2027 and is forecast to peak in 2028, to approximately 7,260 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2058.


Remaining recoverable reserves

The field is expected to recover 15.55 Mmboe, comprised of 15.55 Mmbbl of crude oil & condensate.


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.

Related Companies

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