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December 2, 2021

Canadon Alfa-Ara-Ara Sur-Antares-Argo Conventional Gas Field, Argentina

By Carmen

Canadon Alfa-Ara-Ara Sur-Antares-Argo is a producing conventional gas field located in shallow water in Argentina and is operated by Total Austral. The field is located in block Cuenca Marina Austral 1, with water depth of 233 feet.

Field participation details

The field is owned by BASF, TotalEnergies, Bridas Energy Holdings, China National Offshore Oil, BP and LetterOne Holdings.


Production from Canadon Alfa-Ara-Ara Sur-Antares-Argo

The Canadon Alfa-Ara-Ara Sur-Antares-Argo conventional gas field recovered 81.64% of its total recoverable reserves, with peak production in 2003. The peak production was approximately 8.21 thousand bpd of crude oil and condensate, 296 Mmcfd of natural gas and 2.68 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2043. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 68.46 Mmboe, comprised of 4.43 Mmbbl of crude oil & condensate, 358.9 bcf of natural gas reserves and 4.21 Mmbbl of natural gas liquid reserves. Canadon Alfa-Ara-Ara Sur-Antares-Argo conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas 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.

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