Cepheus Oil and Gas Field (United Kingdom)

This article is part of the Global Oil and Gas Extraction Tracker, a Global Energy Monitor project.

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Oil and gas extraction Oil and gas pipelines LNG terminals

Cepheus Oil and Gas Field is an in development oil and gas field in United Kingdom.

Project Details

Main Data

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

*Final Investment Decision

Unit name	Status	Operator	Owner	Discovery year	FID* year	Production start year
Cepheus	In development	Neptune Energy	Neptune Energy (38.75%); Spirit Energy (61.25%)	2014	–	–

Production and Reserves

Table 2: Reserves of Cepheus Oil and Gas Field

million boe = million barrels of oil equivalent

Fuel Description	Reserve 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	Coordinates (WGS 84)
44/12a	Offshore, United Kingdom	54.511, 2.333 (exact)

The map below shows the exact location of the field:

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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.