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December 7, 2021updated 27 Apr 2022 12:38pm

Atlas CBM Field, Australia

By Carmen

Atlas is a producing cbm field located onshore Australia and is operated by Senex Assets. The field is located in block PL 1037.

Two expansion projects are associated with the Atlas cbm field, namely Atlas Stage 2 and Atlas Stage 3. The expansion projects are currently in the commissioning and feasibility stage, targeting start-up during 2022 – 2024.

Field participation details

The field is owned by Hancock Prospecting, POSCO Holdings and othres.


Production from Atlas

The Atlas cbm field recovered 11.73% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 29 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048.


Remaining recoverable reserves

The field is expected to recover 26.32 Mmboe, comprised of 157.93 bcf of natural gas reserves. Atlas cbm field reserves accounts 0.62% 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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