Asset Report
Avalon
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Avalon field is located 50 kilometres west of the Forties field in the Central North Sea. Discovered in 2014, Avalon is a stratigraphically trapped oil accumulation containing medium-heavy 22° API oil. Avalon will be developed with two horizontal wells tied-back to a floating production storage and offloading (FPSO) vessel. The Sevan Hummingbird FPSO, previously used at the Chestnut field was purchased by Ping Petroleum in 2022. It will be upgraded and used on Avalon. The ...
Table of contents
- Key facts
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Summary and key issues
- Summary
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Key issues
- Uncertain investment climate delays Avalon
- Post-2030 fiscal terms are uncertain
- Need for a partner
- Tough emissions requirements
- Longer term tie-back opportunities
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
- Production
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Development
- Emissions
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Costs
- Decommissioning costs
- Operating costs
- Fiscal and regulatory
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Index map
- Avalon map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Avalon production profile
- Capital costs
- Cash flow
- Economic analysis: Table 2
- 7 more item(s)...
What's included
This report contains:
