Dallas, TX: ReportsandReports announce it will carry Britannia, United Kingdom, Commercial Asset Valuation and Forecast to 2029 Market Research Report in its Store.
Browse complete Report on:http://reportsandreports.com/market-reports/britannia-united-kingdom-commercial-asset-valuation-and-forecas/
The Britannia is an offshore field. It is located 210km north east of Aberdeen in the North Sea. The field covers an area of approximately 112sq km. The Britannia field produces natural gas and condensate and natural gas liquids.
It is one of the UK's largest gas fields to be brought under production. About 8% of the country's energy needs are met by the gas produced from this field.Britannia Operators Ltd. (BOL) is a 50/50 joint venture of ConocoPhillips and Chevron. BOL operates and manages the produce from the field. The share of Conoco Phillips (UK) LTD in the joint venture is 40.60%, equity share of Chevron is 32.38%, Conoco Phillips (UK) Theta LTD has 9.01% equity, ARCO British LTD has 8.97% equity, Conoco Phillips Petroleum Company UK LTD has 7.23% equity, and Conoco Phillips LTD has 1.81% equity.
The field was discovered in 1975. It started production in August 1998 . The API of the condensate is 47°. The fluid produced from the field is corrosive in nature. It contains up to 2.60 mole% of Carbon dioxide and 15ppm of Hydrogen Sulfide.
The estimated recoverable reserves of the field are 3 trillion cubic feet of gas and 145 million barrels of condensate and natural gas liquids. The peak capacity of the Britannia field is 740 million standard cubic feet of gas per day and in excess of 50,000 barrels of condensate per day. The field reached its peak in 1999-2000. The field produced about 2,193 thousand barrels of condensate and natural gas liquids and 109,849.10 MMcf of gas in 2009.
The field life of Britannia is expected to be around 32 years with complete abandonment during 2029. The field is expected to generate $7.61 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 17.48%.
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Britannia, United Kingdom, Commercial Asset Valuation and Forecast to 2029 now available at ReportsandReports