Baldpate is a producing conventional oil field located in deepwater in the US and is operated by Hess. The field is located in block Garden Banks 216, Garden Banks 260, and Garden Banks 259, with water depth of 1,650 feet.
Field participation details
The field is owned by Hess and Occidental Petroleum.
Production from Baldpate
The Baldpate conventional oil field recovered 96.97% of its total recoverable reserves, with peak production in 2000. The peak production was approximately 45.12 thousand bpd of crude oil and condensate and 169 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.
Remaining recoverable reserves
The field is expected to recover 5.73 Mmboe, comprised of 4.56 Mmbbl of crude oil & condensate and 7.05 bcf of natural gas reserves.
Hess Corp (Hess) is a global independent energy company, which carries out the exploration and production of crude oil and natural gas. It offers fee-based services including gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids. Hess also carries out the storage and terminaling of propane, essentially in the Bakken shale play of North Dakota. Besides strategically positioned integrated assets in the core of the Bakken shale in the US, the company has operations in Denmark, the Malaysia/Thailand Joint Development Area (JDA) and Malaysia. Hess is headquartered in New York, the US.
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.