Argyle is a producing cbm field located onshore Australia and is operated by QGC. The field is located in block PL 179 and PL 229.
Field participation details
The field is owned by China Petrochemical, ConocoPhillips, Origin Energy, China National Offshore Oil, Tokyo Gas and Royal Dutch Shell.
Production from Argyle
The Argyle cbm field recovered 44.06% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 50 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2043.
Remaining recoverable reserves
The field is expected to recover 28.25 Mmboe, comprised of 169.49 bcf of natural gas reserves. Argyle cbm field reserves accounts 0.62% of total remaining reserves of producing cbm fields globally.
QGC Pty Limited (QGC), a subsidiary of Royal Dutch Shell plc, is a natural gas exploration and production company. It strives to develop onshore gas reserves in Queensland. QGC is headquartered in Brisbane, Australia.
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.