Pierce

(Enterprise)

Offshore oil field in production

Block and licence number:

23/27, P.114

Map reference:

Plate 9

Grid reference:

2° 15’ E  57° 09’ N

Licensees and company interest in field (%) at end of February 2002:

Enterprise Oil Exploration Ltd

34.13

Enterprise Oil plc

42.79

CNR International (UK) Developments Ltd

11.70

CNR International (UK) Ltd

3.90

MOC Exploration (UK) Ltd

3.75

Agip (UK) Ltd

3.73

Date of discovery:

March 1976

Production start:

February 1999

Operator’s estimate of:

Recoverable reserves originally present (million tonnes):

Oil: (million tonnes) 14.392
Gas: (billion cubic metres) 8.81 

First year of peak production:

2000

Peak production (million tonnes per year):

2.394

Water depth:

85m

Gravity:

38°API

Sulphur content:

5 ppmw H₂S

Transport system:

Oil exported by shuttle to nominated European Port.

Extension into other UK blocks:

Block number, licence number and licensee/company interest in block (%) at end of 2000:

23/22a, P.111

Remarks:

Enterprise are the operator of the field with Pierce Production company (company representation of Navion, APS and Bergesen) has been contracted to provide FPSO and act as Duty Holder.
Pierce North (formerly known as Medan, discovered in 1990, and Pierce South (formerly Pierce), discovered in 1975, were unitised under a pre-development agreement with participation in the Pierce Field fixed for life of Field as below: