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December 8, 2021

Deep Basin (Tourmaline Oil Corp.) AB Conventional Gas Field, Canada

By Carmen

Deep Basin (Tourmaline Oil Corp.) AB is a producing conventional gas field located onshore Canada and is operated by Tourmaline Oil.

Field participation details

The field is owned by Tourmaline Oil.


Production from Deep Basin (Tourmaline Oil Corp.) AB

The Deep Basin (Tourmaline Oil Corp.) AB conventional gas field recovered 16.18% of its total recoverable reserves, with peak production expected in 2026. The peak production will approximately 12.49 thousand bpd of crude oil and condensate, 1,631 Mmcfd of natural gas and 38.82 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 2,072.33 Mmboe, comprised of 79.66 Mmbbl of crude oil & condensate, 10,470.93 bcf of natural gas reserves and 247.51 Mmbbl of natural gas liquid reserves. Deep Basin (Tourmaline Oil Corp.) AB conventional gas field reserves accounts 0.67% of total remaining reserves of producing conventional gas fields globally.


About Tourmaline Oil

Tourmaline Oil Corp (Tourmaline) is a crude oil and natural gas company. It is involved in the acquisition, exploration, development and production of natural gas properties and petroleum in the Western Canadian Sedimentary Basin (WCSB). The company’s areas of operations include NEBC Montney, Alberta Deep Basin, and Peace River Triassic Oil. The NEBC Montney area is located on the west flank of the Peace River High and focuses on natural gas in the Triassic Montney formation; and Alberta Deep Basin is a natural gas sand play area, which has lower Cretaceous liquids-rich natural-gas-charged sand reservoirs. Its Peace River Triassic Oil area is an exploration and production complex at Spirit River-Mulligan-Earring and Wapiti in Alberta. Tourmaline also owns and operates oil batteries, which have the capacity to handle fluids and the associated natural gas. The company produces light and medium crude, natural gas liquids, and conventional and shale natural gas. Tourmaline is headquartered in Calgary, Alberta, Canada.

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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