Asset Report
Cormorant Area
Report summary
The Cormorant Area comprises six oil fields in the Northern North Sea: Cormorant North, South Cormorant, Cormorant East, Pelican, Eider and Otter. The area has produced nearly a billion barrels of oil since 1979 and is now very near the end of its life. All crude from the area is exported via the Brent pipeline system to the Sullom Voe Terminal in Shetland. South Cormorant is located 160 kilometres northeast of Lerwick, Shetland. A concrete platform (Cormorant 'Alpha') acts as a ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Cormorant Area expected to cease production in 2024
- Decommissioning plans proceeding
- Operator expected to seek OSPAR exemption for Cormorant Alpha
- Location maps
- Participation
- Geology
- Well data
-
Exploration
- 2000 - present
- 1990s
- 1980s
- 1970s
- Reserves and resources
- Production
-
Development
-
Cormorant South
- Cormorant North
- Cormorant East
- Eider
- Otter
- Pelican
-
Cormorant South
- Infrastructure
-
Costs
-
Capital costs
- Cormorant North
- South Cormorant
- Cormorant East
- Eider
- Otter
- Pelican
-
Decommissioning costs
- Cormorant Area
-
Operating costs
- Cormorant
- Cormorant East
- Eider
- Otter
- Pelican
-
Capital costs
- Fiscal and regulatory
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Carbon price
- Exchange rate
- Fiscal terms
- Global Economic Model (GEM) file
-
Economic analysis
- Cash Flow
Tables and charts
This report includes 35 images and tables including:
- Key facts: Table 1
- Index map
- Cormorant Area map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Cormorant Area production profile
- Infrastructure: 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
- Development: Table 1
- Development: Table 2
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Costs: Table 5
- Costs: Table 6
- Costs: Table 7
- Costs: Table 8
- Costs: Table 9
- Costs: Table 10
- Costs: Table 11
- Costs: Table 12
- Costs: Table 13
What's included
This report contains:
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