Marigold Oil and Gas Complex (United Kingdom)

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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	Anasuria Hibiscus UK	Hibiscus Petroleum Berhad (87.5%); Caldera Petroleum (12.5%)	–	2025 (expected)	2028 (expected)	Conventional

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	​
oil	2C Contingent Resources	49.8	million bbl	2020	​

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
production design capacity	gas	4380	million m³/y	2029

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	Offshore, United Kingdom	Offshore	58.5471, 0.5955 (exact)

The map below shows the exact location of the complex:

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Background

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

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%. The remaining 12.5% is held by Caldera Petroleum UK. Anasuria Hibiscus is a subsidiary of Hibiscus Petroleum and Caldera Petroleum of Aban Energies. 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. 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. According to the NSTA Energy Pathfinder Dashboard, the final FDP is expected to be submitted in December 2022, and production would begin in 2025. Marigold is the first phase from the Marigold cluster, Sunflower and Kildrummy are planned as subsequent phases.

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

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.