Wood 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 22/18a ALL, with water depth of 306 feet.
Field participation details
The field is owned by Delek Group, Repsol and China Petrochemical.
Production from Wood
The Wood conventional oil field recovered 90.57% of its total recoverable reserves, with peak production in 2011. The peak production was approximately 1.61 thousand bpd of crude oil and condensate and 5 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2027.
Remaining recoverable reserves
The field is expected to recover 0.61 Mmboe, comprised of 0.5 Mmbbl of crude oil & condensate and 0.7 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.
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.