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  1. Market Data
May 4, 2022

Finucane Conventional Oil Field, Australia

By Carmen

Finucane is a producing conventional oil field located in shallow water in Australia and is operated by Santos. The field is located in block WA-54-L, with water depth of 525 feet.

Field participation details

The field is owned by Kuwait Petroleum, Santos and JX Nippon Oil & Gas Exploration.


Production from Finucane

The Finucane conventional oil field recovered 49.46% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 7.85 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2108.


Remaining recoverable reserves

The field is expected to recover 11.55 Mmboe, comprised of 11.55 Mmbbl of crude oil & condensate.


About Santos

Santos Ltd (Santos) is an oil and natural gas company. Its activities include onshore, offshore, and liquefied natural gas (LNG) projects. The company has exploration and production acreage in Australia. Its operations are concentrated on core asset hubs such as Cooper Basin, Queensland and New South Wales, Papua New Guinea, Northern Australia and Timor-Leste, and Western Australia. Santos owns the related infrastructure and carries out transportation and marketing of hydrocarbons. Its products include natural gas, ethane, condensate, methane, coal seam gas, liquefied natural gas (LNG) and crude oil. The company supplies its products to homes, businesses, and major industries across Australia and Asia. Santos is headquartered in Adelaide, South Australia, Australia.

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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