Pierce Field Key Facts

• The Pierce field lies around 165 miles (265km) east of Aberdeen, Scotland, in water depths of around 262 feet (85m). It was discovered in 1975, with oil being produced since 1999. 
• The redevelopment of the Pierce field is part of Shell UK’s broader intent to invest £20-25 billion in the UK energy system in the next decade, subject to Board approval and a stable investment climate, 75% of which will be focused on the development of low and zero-carbon products and services. To deliver this significant investment, projects must remain economically viable under the recently revised UK tax regime. 
• The Pierce project is one of eight investment decisions Shell UK took in 2018 and 2019 alone in order to sustain North Sea production. These projects ranged from major redevelopments such as Pierce and Penguins, to tiebacks from fields such as Fram and Arran to existing platforms.
• Shell companies information: Enterprise Oil Limited (EOL) 42.79%, Shell EP Offshore Ventures Limited (SEPOV) 39.73%, Shell Upstream Overseas Services (I) Limited (SUOSL) 10% 
• Co-venturer: Ithaca Energy (UK) Limited (Ithaca) 7.48% 
• The FPSO Haewene Brim is operated by Pierce Production Company Limited, a Bluewater company, and is producing oil from the Pierce field for its client Enterprise Oil Limited, in its capacity as the Pierce operator for and on behalf of the Pierce Owners. Enterprise Oil Limited is a subsidiary of Shell U.K. Limited.

KeyFacts Energy: Shell UK country profile