Cepheus Oil and Gas Field (United Kingdom)

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Cepheus Oil and Gas Field is a discovered oil and gas field in United Kingdom.

Project Details

Main Data

Table 1: Field-level project details for Cepheus Oil and Gas Field

¹Final Investment Decision
²If a country or region is known to not produce any hydrocarbons in an unconventional method, this production type is assumed to be conventional

Unit name	Status	Operator	Owner	Discovery year	FID1 year	Production start year	Production type2
Cepheus	Discovered	Neptune Energy	Neptune Energy (38.75%); Spirit Energy (61.25%)	2014	–	–	Conventional

Production and Reserves

Table 2: Reserves of Cepheus Oil and Gas Field

million boe = million barrels of oil equivalent

Fuel description	Reserves classification	Quantity	Units	Data year	Source
hydrocarbons	remaining economically recoverable volumes	30	million boe	2022	​

Location

Table 3: Field-level location details for Cepheus Oil and Gas Field

Concession/Block	Location	Onshore/Offshore	Coordinates (WGS 84)
44/12a	Offshore, United Kingdom	Offshore	54.511, 2.333 (exact)

The map below shows the exact location of the field:

Loading map...

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Background

Cepheus was discovered in 2014 by GdF Suez (34.48%) and partners Centrica North (48.28%) Sea Gas and Bayerngas E&P (17.24%) as a part of the ​​P1731 license. As of 2022, that license is owned by Neptune Energy (38.75%, Operator) and Spirit Energy (61.25%). Neptune’s major shareholders are China Investment Corporation, The Carlyle Group and CVC Capital Partners. Spirit Energy is a joint venture of Centrica, Stadtwerke München GmbH and Bayerngas GmbH.

According to Uplift analysis published by Carbon Brief, Cepheus is one of the North Sea oil and gas projects that could be approved between 2022 and 2025 (Dunne 2022). As of 2014, Cepheus was expected to be developed as a tie-in to the nearby Cygnus Oil and Gas Field (United Kingdom).

Articles and Resources

Additional Data

To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.