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December 2, 2021

Aries-Aries Norte Conventional Gas Field, Argentina

By Carmen

Aries-Aries Norte is a producing conventional gas field located in shallow water in Argentina and is operated by Total Austral. The field is located in block Cuenca Marina Austral 1, with water depth of 233 feet.

Field participation details

The field is owned by TotalEnergies, BASF, China National Offshore Oil, Bridas Energy Holdings, LetterOne Holdings and BP.


Production from Aries-Aries Norte

The Aries-Aries Norte conventional gas field recovered 77.42% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 2.66 thousand bpd of crude oil and condensate, 234 Mmcfd of natural gas and 0.9 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2030. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 44.82 Mmboe, comprised of 2.08 Mmbbl of crude oil & condensate, 251.16 bcf of natural gas reserves and 0.88 Mmbbl of natural gas liquid reserves. Aries-Aries Norte conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas 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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