Verbier East is a conventional oil development located in shallow water in the UK and is operated by Neo Energy Group. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block 20/5b ALL and 21/1d ALL, with water depth of around 869 feet. Buy the profile here.
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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 and Neo Energy Group.
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, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2058.
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About Neo Energy Group
Neo Energy Group Ltd is a leading private equity investor focused on Europe’s offshore energy industry. The company is headquartered in Aberdeen, Scotland, the UK.
For more details on the Verbier East Conventional Oil Field, buy the profile here.
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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.
