Go-Ahead Given for Biggest UK Field Found in a Decade
“Maersk Oil’s Culzean field is expected to produce enough gas to meet five percent of total UK demand at peak production. This is positive news indeed, as according to figures from the Department for Energy, the country’s primary demand for oil and gas, critical for our transport and heating and powering our homes, will remain unchanged until 2030 at least.
“This investment by Maersk Oil and its co-venturers, in this technically-demanding high-pressure, high-temperature field, is very encouraging at this challenging time for the industry and reinforces the fact that the UK Continental Shelf continues to have much to offer.”
Culzean is estimated to hold gas condensate reserves of between 250 and 300 million barrels of oil equivalent. Production is expected to start in 2019 and continue for at least 13 years with plateau production of between 60,000 and 90,000 barrels of oil equivalent per day.
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