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November 26, 2021

Arcadia CBM Field, Australia

By Carmen

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 2025.

Field participation details

The field is owned by China Petrochemical, Origin Energy, ConocoPhillips, Korea Gas, TotalEnergies, Petroliam Nasional and Santos.


Production from Arcadia

The Arcadia cbm field recovered 6.97% of its total recoverable reserves, with peak production expected in 2021. The peak production was 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 65.43 Mmboe, comprised of 392.6 bcf of natural gas reserves. Arcadia cbm field reserves accounts 1.43% of total remaining reserves of producing cbm fields globally.


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.

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