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November 24, 2021

Corridor PSC Conventional Gas Field, Indonesia

By Carmen

Corridor PSC is a producing conventional gas field located onshore Indonesia and is operated by ConocoPhillips. The field is located in block Corridor.

Field participation details

The field is owned by Repsol, ConocoPhillips and PT Pertamina (Persero).


Production from Corridor PSC

The Corridor PSC conventional gas field recovered 62.84% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 11.1 thousand bpd of crude oil and condensate and 991 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2053. The field currently accounts for approximately 8% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 589.33 Mmboe, comprised of 27.61 Mmbbl of crude oil & condensate and 3,370.36 bcf of natural gas reserves. Corridor PSC conventional gas field reserves accounts 0.19% of total remaining reserves of producing conventional gas fields globally.


About ConocoPhillips

ConocoPhillips is an independent upstream oil and gas company. The company explores, produce, transport and market crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids across the world. It has assets across North America, Africa, Europe, Asia and Australia. Its asset base includes resource rich North American shale and oil sands assets; lower risk legacy assets in North America, Europe, Asia and Australia; several major international developments; and a global conventional and unconventional exploration prospects. Its producing assets are in US, the UK, Norway, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, and Libya. ConocoPhillips is headquartered in Houston, Texas, the US.

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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