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November 23, 2021updated 28 Apr 2022 5:43am

Buffalo (Re-Development) Conventional Oil Field, Timor-Leste

By Carmen

Buffalo (Re-Development) is a conventional oil development located in shallow water in Timor-Leste and is operated by Carnarvon Petroleum Timor Unipessoal. Buffalo (Re-Development) lies in block WA-523-P (Released as W15-2) and TL-SO-T 19-14, with water depth of around 341 feet.

The project is currently in feasibility stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project will be approved in 2022. The development cost is expected to be $150 m. The Buffalo (Re-Development) conventional oil development will involve the drilling of approximately three wells and includes FPSO and wellhead platforms.

Field participation details

The field is owned by Advance Energy and Carnarvon Energy.


Production from Buffalo (Re-Development)

Production from the Buffalo (Re-Development) conventional oil development project is expected to begin in 2024 and is forecast to peak in 2024, to approximately 30,000 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2034.


Remaining recoverable reserves

The field is expected to recover 38.88 Mmboe, comprised of 38.88 Mmbbl of crude oil & condensate.


Contractors involved in the Buffalo (Re-Development) conventional oil field

Some of the key contractors involved in the Buffalo (Re-Development) project as follows.

Other Contractors: Petrofac and Valaris

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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