Beta P296 is a producing heavy oil field located in shallow water in the US and is operated by Dcor. The field is located in block NI11-07 6437 (P00296), NI11-07 6387 (P00296), NI11-07 6438 (P00296), and NI11-07 6388 (P00296).
Field participation details
The field is owned by Occidental Petroleum, Dcor, Minoco UAQ and Channel Islands Capital.
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Production from Beta P296
The Beta P296 heavy oil field recovered 71.47% of its total recoverable reserves, with peak production in 1997. The peak production was approximately 0.75 thousand bpd of crude oil and condensate and 1 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2076.
Remaining recoverable reserves
The field is expected to recover 1.93 Mmboe, comprised of 1.86 Mmbbl of crude oil & condensate and 0.43 bcf of natural gas reserves.
About Dcor
DCOR, LLC (DCOR) is an oil and gas company. The company develops, explores and produces oil and natural gas. It operates offshore platforms off the coast of California, operating eleven of the twenty-four producing platforms offshore California. DCOR works in the two basins in Southern California, Ventura Basin and Los Angeles Basin, with a specialty in developing and producing marine turbidite reservoirs and the Monterey Shale. The company and its affiliates also owns and operates onshore fields in Southern California such as Cascade, Rancho Temescal, Modelo Canyon, Swespe Federal and Hopper Canyon. It has offices in Bakersfield, Huntington Beach, Los Angeles, Santa Barbara and Ventura. DCOR is headquartered in Ventura, California, the US.
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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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