Bualuang is a producing conventional oil field located in shallow water in Thailand and is operated by Medco Energi Thailand (Bualuang). The field is located in block B8/38, with water depth of 226 feet.
An expansion project is associated with the Bualuang, namely Bualuang Phase 5. This project is currently in the approval stage.
Field participation details
The field is owned by PT Medco Daya Abadi Lestari.
Production from Bualuang
The Bualuang conventional oil field recovered 57.42% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 12.49 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 32.74 Mmboe, comprised of 32.73 Mmbbl of crude oil & condensate and 0.02 bcf of natural gas reserves. Bualuang conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil 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.