Buzzard is a world-class asset with an estimated 1.5 billion barrels of medium-light oil in place, which came on stream in late-2006. The field produced at a plateau of around 220,000 bopd until 2014. It is one of the largest North Sea discoveries in the last two decades, with ultimate recoverable reserves estimated at 850 million barrels.
ONE’s interest in the North Sea’s Buzzard Field
The Buzzard Field, in which Oranje-Nassau Energie (ONE) has a 0.47% stake, is located in UKCS Blocks 19/5a, 19/10, 20/1S and 20/6 under licences P.986 and P.928 South, 57km northeast of St Fergus.
Buzzard was developed by a 4 platform complex, with 36 producing wells and 11 water injectors. Oil from the field is exported via the Forties pipeline to the Kinneil Terminal in Scotland and gas is exported via the Frigg system to the St. Fergus Terminal.