Lomond

Location and Geology

• The Lomond gas field is situated in shallow water, specifically in blocks 23/21a (Lomond Field Area) and 23/16f (ALL) of the UK North Sea.

Water Depth

• The field is at a water depth of approximately 465 feet.

Ownership and Operation

• The Lomond gas field is owned by Harbour Energy, which is the UK's largest oil and gas producer.

Production History

• The field began production and reached its peak in the year 2000. It has been a significant producer of natural gas in the UK North Sea.

Recovery and Reserves

• As of the latest data, the Lomond field has recovered 99.18% of its total recoverable reserves. Based on economic assumptions, production is expected to continue until the field reaches its economic limit in 2027.

Sales and Transportation

• Gas from the Lomond field, along with the Everest field, is committed to sales contracts for supply to the Teesside electric generation plant. The gas is transported through the Central Area Transmission System (CATS) line.

Operational Details

• The field is operated by Chrysaor, although the ownership is with Harbour Energy. Chrysaor is an oil and gas exploration and production company.

Economic and Fiscal Context

• The production from the Lomond field, like other UK North Sea projects, is influenced by fiscal policies such as the Energy Profits Levy, which has impacted investment decisions in the region.

In summary, the Lomond conventional gas field is a mature gas field in the UK North Sea, nearing the end of its economic life, with significant production history and current ownership by Harbour Energy.