Arcadia is a producing cbm field located onshore Australia and is operated by Santos GLNG. The field is located in block PL 234, PL 90, PL 233, PL 235, PL 236, PL 421, PL 420, and PL 440.
An expansion project is associated with the Arcadia, namely Arcadia Phase 2. This project is currently in the approval stage, expected to start in 2022.
Field participation details
The field is owned by TotalEnergies, Petroliam Nasional, Santos, Korea Gas, ConocoPhillips, China Petrochemical and Origin Energy.
Production from Arcadia
The Arcadia cbm field recovered 13.12% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 71 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2056.
Remaining recoverable reserves
The field is expected to recover 61.11 Mmboe, comprised of 366.64 bcf of natural gas reserves. Arcadia cbm field reserves accounts 1.44% of total remaining reserves of producing cbm fields globally.
About Santos GLNG
Santos GLNG Pty Ltd, is an energy company that involved in exploration, extraction, production and development of oil and gas. The company is headquartered in Adelaide, South Australia, Australia.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.
