Asset Report
Pierce
Report summary
The Pierce oil and gas field lies in the Central North Sea, 22 kilometres east of Culzean. Pierce produces through a leased floating production, storage and offloading vessel (FPSO), the Bluewater-owned and operated Haewene Brim. The field comprises two reservoir compartments: Pierce North and Pierce South. Oil is exported via tanker. Produced gas was historically re-injected to maintain reservoir pressure. However, a gas depressurisation phase in 2023 has allowed gas to be sold. Gas is ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
-
Production
- Emissions
-
Development
- Wells
- Gas depressurisation project
- Infrastructure
-
Costs
-
Capital costs
- Phase I
- Phase II - Gas development
-
Operating costs
- Emissions Trading Scheme (ETS)
-
Capital costs
- Fiscal and regulatory
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Carbon price
- Exchange rate
- Fiscal terms
- Global Economic Model (GEM) file
-
Economic analysis
- Cash Flow
Tables and charts
This report includes 27 images and tables including:
- Key facts: Table 1
- Index map
- Pierce map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Pierce production profile
- Infrastructure: Table 1
- Development: Table 1
- Cash flow (US$ million)
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Present Value Price Sensitivities
- Cash flow (£ million)
- Economic analysis: Table 5
- Economic analysis: Table 6
- Costs: Table 1
- Costs: Table 2
- Decommissioning costs
- Costs: Table 4
What's included
This report contains: