Asset Report
Mariner
Report summary
The Mariner heavy oil field lies in the UK northern North Sea,100 kilometres east of the Shetland Islands. Unocal discovered the field in 1981 but it was deemed sub-commercial due to the challenges posed by developing ultra-heavy oil in this area. Several operators tried to develop Mariner over three decades, but it was Statoil (now Equinor) who sanctioned the field development in 2012. The use of new seismic and technology unlocked the development. Further development of the area is ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Reservoir performance leads to reserve downgrades
- Continuous "factory drilling" required to maintain production
- Uncertainty over long term diluent requirements
- Potential reserves growth
- Near field development upside with Cadet and Mariner East
- Nearby discoveries offer upside potential
- Decarbonisation initiatives are in progress
- Mariner crude pricing impacted by IMO 2020 legislation
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
-
Production
- Emissions
-
Development
-
Key development metrics
- Development drilling
-
Key development metrics
- Infrastructure
-
Costs
-
Capital costs
- Mariner
- Cadet
- Operating costs
-
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
- Indicative technical valuations
Tables and charts
This report includes 29 images and tables including:
- Key facts: Table 1
- Index map
- Mariner 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
- Mariner production profile
- Development: Table 1
- Costs: Table 5
- 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 Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Cash flow (£ million)
- Economic analysis: Table 5
- Economic analysis: Table 6
- Economic analysis: Table 7
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Decommissioning costs
What's included
This report contains:
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