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Marigold Oil and Gas Complex (United Kingdom)

From Global Energy Monitor
This article is part of the Global Oil and Gas Extraction Tracker, a Global Energy Monitor project.
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Marigold Oil and Gas Complex is a discovered oil and gas complex in United Kingdom.

Marigold Oil and Gas Complex is a part of the Marigold complex.

Project Details

Main Data

Table 1: Complex-level project details for Marigold Oil and Gas Complex

1Final Investment Decision
Unit name Status Operator Owner Discovery year FID1 year Production start year Production type
Marigold Discovered[1][2] Anasuria Hibiscus UK[3] Hibiscus Petroleum Berhad (87.5%); Caldera Petroleum (12.5%)[4] 2025 (expected)[5] 2028 (expected)[6][7] Conventional[8]

Production and Reserves

Table 2: Reserves of Marigold Oil and Gas Complex

million bbl = million barrels of oil
million boe = million barrels of oil equivalent
Fuel description Reserves classification Quantity Units Data year Source
hydrocarbons reserves 60 million boe 2022 [9]
oil 2C Contingent Resources 49.8 million bbl 2020 [10]

Table 3: Production from Marigold Oil and Gas Complex

million m³/y = million cubic meters per year
million bbl/y = million barrels of oil per year
Category Fuel description Quantity Units Data year Source
production design capacity oil 14.6 million bbl/y 2029 [11][12]
production design capacity gas 4380 million m³/y 2029 [11][12]

Location

Table 4: Complex-level location details for Marigold Oil and Gas Complex

Concession/Block Location Onshore/Offshore Coordinates (WGS 84)
15/13a, 15/13b[13] Offshore, United Kingdom[14] Offshore[15] 58.5471, 0.5955 (exact)[14]

The map below shows the exact location of the complex:

Loading map...

Background

The Marigold Complex includes Marigold, Sunflower, Marigold East (FKA Yeoman) and Kildrummy.[16]

The field operator, Anasuria Hibiscus UK (AHUK), acquired a 50 percent stake in blocks 15/13a and 15/13b in 2018. In 2021, AHUK increased its interest in Marigold and Sunflower to 87.5%.[17] The remaining 12.5% is held by Caldera Petroleum UK.[18] Anasuria Hibiscus is a subsidiary of Hibiscus Petroleum[19] and Caldera Petroleum of Aban Energies.[20] NTSA (then known as the Oil and Gas Authority) requested AHUK work with Ithaca energy to jointly develop P198 (Marigold) and P2158 (Marigold East/Yeoman) in November 2021.

Hibiscus pushed back its timeline for Marigold to reach FID from December 2020 to March 2021, citing COVID-19 delays in Q4 2020.[19] Hibiscus is, as of March 2022, targeting FID and NSTA approval of its FDP in 2023. If that target is reached, the production phase is expected to be from 2024-2042.[21] According to the NSTA Energy Pathfinder Dashboard, the final FDP is expected to be submitted in December 2022, and production would begin in 2025.[22] Marigold is the first phase from the Marigold cluster, Sunflower and Kildrummy are planned as subsequent phases.[23]

Friends of the Earth stated in 2021 that Marigold and Sunflower ignore the guidance of the IEA’s Net Zero by 2050 report.[24] According to FOE, lifetime emissions of the field could be 27 MtCo2e.[25]

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.

References

  1. (PDF) , https://www.hibiscuspetroleum.com/wp-content/uploads/2022/03/2022-Hibiscus-Investor-Presentation-Mar-R1.pdf https://www.theedgemarkets.com/article/greater-opportunity-hibiscus-if-it-manages-monetise-its-2c-resources , https://www.hibiscuspetroleum.com/wp-content/uploads/2022/03/2022-Hibiscus-Investor-Presentation-Mar-R1.pdf. {{cite web}}: Check |url= value (help); Missing or empty |title= (help)
  2. https://web.archive.org/web/20240717165931/https://www.nsenergybusiness.com/projects/marigold-oil-field-north-sea-uk/. Archived from the original on 17 July 2024. {{cite web}}: Missing or empty |title= (help)
  3. /, https://itportal.ogauthority.co.uk/eng/fox/oga-report/PED300X/offshore-licence/?LICENCE_TYPE=P&LICENCE_NO=198 , https://issuu.com/kenny.dooley/docs/ogv_23_-_web_-_sp https://www.offshore-technology.com/projects/marigold-oil-field-development-north-sea-uk /, https://itportal.ogauthority.co.uk/eng/fox/oga-report/PED300X/offshore-licence/?LICENCE_TYPE=P&LICENCE_NO=198 , https://issuu.com/kenny.dooley/docs/ogv_23_-_web_-_sp. {{cite web}}: Check |url= value (help); Missing or empty |title= (help)
  4. https://www.hibiscuspetroleum.com/asset-portfolio/united-kingdom/, https://app.powerbi.com/view?r=eyJrIjoiZjI0MTYzMmQtODRiYy00ZmIwLTgwZWUtM2E2NmUyNTIxZmI0IiwidCI6ImU2ODFjNTlkLTg2OGUtNDg4Ny04MGZhLWNlMzZmMWYyMWIwZiJ9 https://www.offshore-technology.com/projects/marigold-oil-field-development-north-sea-uk/, https://www.hibiscuspetroleum.com/asset-portfolio/united-kingdom/, https://app.powerbi.com/view?r=eyJrIjoiZjI0MTYzMmQtODRiYy00ZmIwLTgwZWUtM2E2NmUyNTIxZmI0IiwidCI6ImU2ODFjNTlkLTg2OGUtNDg4Ny04MGZhLWNlMzZmMWYyMWIwZiJ9. {{cite web}}: Check |url= value (help); Missing or empty |title= (help)
  5. https://web.archive.org/web/20240717170251/https://www.offshore-technology.com/data-insights/oil-gas-field-profile-marigold-conventional-oil-field-uk/. Archived from the original on 17 July 2024. {{cite web}}: Missing or empty |title= (help)
  6. https://app.powerbi.com/view?r=eyJrIjoiZjI0MTYzMmQtODRiYy00ZmIwLTgwZWUtM2E2NmUyNTIxZmI0IiwidCI6ImU2ODFjNTlkLTg2OGUtNDg4Ny04MGZhLWNlMzZmMWYyMWIwZiJ9 https://www.offshore-technology.com/marketdata/marigold-conventional-oil-field-uk/, https://app.powerbi.com/view?r=eyJrIjoiZjI0MTYzMmQtODRiYy00ZmIwLTgwZWUtM2E2NmUyNTIxZmI0IiwidCI6ImU2ODFjNTlkLTg2OGUtNDg4Ny04MGZhLWNlMzZmMWYyMWIwZiJ9. {{cite web}}: Check |url= value (help); Missing or empty |title= (help)
  7. https://web.archive.org/web/20240717165931/https://www.nsenergybusiness.com/projects/marigold-oil-field-north-sea-uk/. Archived from the original on 17 July 2024. {{cite web}}: Missing or empty |title= (help)
  8. https://web.archive.org/web/20230529061256/https://www.offshore-technology.com/marketdata/oil-gas-field-profile-marigold-conventional-oil-field-uk/. Archived from the original on 29 May 2023. {{cite web}}: Missing or empty |title= (help)
  9. https://web.archive.org/web/20220211032916/https://www.thevibes.com/articles/business/53993/hibiscus-petroleums-uk-project-gets-rishi-sunak-backing. Archived from the original on 11 February 2022. {{cite web}}: Missing or empty |title= (help)
  10. (PDF) https://web.archive.org/web/20230227132613/https://www.hibiscuspetroleum.com/wp-content/uploads/2022/03/2022-Hibiscus-Investor-Presentation-Mar-R1.pdf. Archived from the original (PDF) on 27 February 2023. {{cite web}}: Missing or empty |title= (help)
  11. 11.0 11.1 https://web.archive.org/web/20230327011617/https://www.offshore-technology.com/projects/marigold-oil-field-development-north-sea-uk/. Archived from the original on 27 March 2023. {{cite web}}: Missing or empty |title= (help)
  12. 12.0 12.1 https://web.archive.org/web/20240309060510/https://www.offshore-technology.com/marketdata/oil-gas-field-profile-marigold-conventional-oil-field-uk/. Archived from the original on 09 March 2024. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  13. https://web.archive.org/web/20221007030933/https://www.offshore-technology.com/marketdata/marigold-conventional-oil-field-uk/. Archived from the original on 07 October 2022. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  14. 14.0 14.1 https://web.archive.org/web/20240823000505/https://opendata-nstauthority.hub.arcgis.com/datasets/relinquishments-1/explore?filters=eyJMSUNSRUYiOlsiUDE5OCJdfQ%253D%253D&location=58.444543%252C0.445058%252C10.50. Archived from the original on 23 August 2024. {{cite web}}: Missing or empty |title= (help)
  15. Natural Earth. 45078 https://www.naturalearthdata.com/downloads/10m-physical-vectors/10m-ocean/. Archived from the original on June 29, 2023. Retrieved June 29, 2023. {{cite web}}: Check date values in: |date= (help); Missing or empty |title= (help)
  16. Cite error: Invalid <ref> tag; no text was provided for refs named :4
  17. Cite error: Invalid <ref> tag; no text was provided for refs named :0
  18. Cite error: Invalid <ref> tag; no text was provided for refs named :5
  19. 19.0 19.1 "Hibiscus Pushes North Sea Field Development FID to March 2021". Offshore Engineer Magazine. 2020-12-09. Retrieved 2022-09-01.
  20. "Aban Offshore Limited". www.abanoffshore.com. Retrieved 2022-09-01.
  21. Cite error: Invalid <ref> tag; no text was provided for refs named :1
  22. Cite error: Invalid <ref> tag; no text was provided for refs named :2
  23. Cite error: Invalid <ref> tag; no text was provided for refs named :3
  24. "Tip of the iceberg: The future of fossil fuel extraction | Policy and insight". Friends of the Earth | Policy and insight. Retrieved 2022-09-01.
  25. "Tip of the iceberg: The future of fossil fuel extraction | Policy and insight". Friends of the Earth | Policy and insight. Retrieved 2022-09-01.