Charaideo is a conventional oil development located onshore India and is operated by OilMax Energy . Discovered in 1981, Charaideo lies in block AA/ONDSF/Charaideo/2016.

The project is currently in approval stage and is expected to start commercial production in 2023. The Charaideo conventional oil development will involve the drilling of approximately three wells.

Field participation details

The field is owned by OilMax Energy.


Production from Charaideo

Production from the Charaideo conventional oil development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 979 bpd of crude oil and condensate and 2 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2072.


Remaining recoverable reserves

The field is expected to recover 6.02 Mmboe, comprised of 4.46 Mmbbl of crude oil & condensate and 9.34 bcf of natural gas reserves.


About OilMax Energy

OilMax Energy Pvt Ltd (OilMax Energy) is an oil and gas company that offers exploration, EPC, production, operations and maintenance, and oil and gas services. The company offers services such as offshore, E and P upstream, and gas marketing services. It offers exploration of unconventional resources such as shale oil, shale gas, tight gas and basin centric gas. OilMax Energy also provides integrated technical and management services for its operations. The company serves customers in the areas of petroleum engineering, well drilling, geology, geophysics, project management and execution, commercial and financial management, and FEED development, among others. It has its operations in the Middle East, Asia, and Europe. OilMax Energy is headquartered in Mumbai, Maharashtra, India.

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.