Bangko PSC is a producing conventional oil field located onshore Indonesia and is operated by PetroChina. The field is located in block Bangko.
Field participation details
The field is owned by China National Petroleum.
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Production from Bangko PSC
The Bangko PSC conventional oil field recovered 75.06% of its total recoverable reserves, with peak production in 2005. The peak production was approximately 0.32 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2031.
Remaining recoverable reserves
The field is expected to recover 0.25 Mmboe, comprised of 0.25 Mmbbl of crude oil & condensate.
About PetroChina
PetroChina Co Ltd (PetroChina), a subsidiary of China National Petroleum Corporation, is an oil and gas company. It explores for and develops and produces crude oil and natural gas; refines crude oil and petroleum products; and produces and sells basic and derivative chemical products and others. The company also carries out the production and marketing of primary petrochemical products. It also markets and trades refined products; and transmit natural gas, crude oil and refined products through pipelines. The company’s exploration basins include Erdos, Tarim, Sichuan, Daqing, Changqing, Liaohe, Xinjiang and Bohai Bay. The company has operational presence in China, Kazakhstan, Venezuela and Indonesia. PetroChina is headquartered in Beijing City, Beijing, China.
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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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