Bayerngas UK Ltd. (“BGUK”) works together with strong experienced partners in all its exploration, development and production activities and only offshore. Current partners include: BP, Centrica, Dana Petroleum, EDF, Engie, Ineos and Premier Oil.
BGUK has equity interests in the following producing fields:
Babbage Gas Field (13%):
The field is operated by Premier Oil (47%) with Dana Petroleum (40%) as a partner. Gas is currently produced from 5 wells and exported to Dimlington in the UK from a normally unmanned installation.
Clipper South Gas Field (25%):
The field is operated by Ineos (75%). Gas is produced from 4 wells and exported to Theddlethorpe in the UK from a normally unmanned installation.
Cygnus Gas Field (12.5%):
The field is operated by Engie (38.75%) with Centrica (48.75%) as a partner. The field comprises of four offshore platforms with two drill-centres, a processing unit and an accommodation unit. Gas is exported to Bacton in the UK. The Field is one of the largest gas projects in the Southern North Sea and, at peak production, produces enough gas to supply up to 5% of UK homes.
Exploration: to ensure “reserves replacement” as oil and gas has been produced, BGUK holds additional license interests in the southern, central and northern UK North Sea. A number of our licenses are pure exploration plays where we have provisionally identified prospects where oil or gas accumulations may exist and where we will undertake extensive technical work to establish the chance of success if we were to drill an exploration well. The Company has committed to drill several exploration wells over the next 3 years.