Asset Report
Pierce
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 was sanctioned in 2019 with first production ...
Table of contents
- Summary
-
Key Issues
- Haewene Brim FPSO upgrade extends life, but field depletion limits production
- Gas depressurisation project has encountered challenges since taking FID
- Further well work is scheduled to help boost production
- Gas depressurisation project
-
Capital costs
- Phase I
- Phase II - Gas development
- Decommissioning costs
- Operating costs
- Cash flow
- Global Economic Model (GEM) file
- Cash Flow
- Cash flow (US$ million)
- Cash flow (£ million)
Tables and charts
This report includes the following images and tables:
- Capital Costs 2034 to 2039 (£ million)
- Operating Costs 2024 to 2033 (£ million)
- Cash Flow (US$)
- PV Table (US$)
- Summary Table (US$)
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2026
- Remaining Present Value Price Sensitivities
- Cash Flow (Local Currency)
- PV Table (Local Currency)
- Summary Table (Local Currency)
- 13 more item(s)...
What's included
This report contains:
