Gaiselberg is a producing conventional oil field located onshore Austria and is operated by ADX Energy.
An expansion project is associated with the Gaiselberg, namely Gaiselberg Development. This project is currently in the feasibility stage.
Field participation details
The field is owned by ADX Energy.
Production from Gaiselberg
The Gaiselberg conventional oil field recovered 91.37% of its total recoverable reserves, with peak production in 1978. The peak production was approximately 1.03 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 0.86 Mmboe, comprised of 0.86 Mmbbl of crude oil & condensate.
About ADX Energy
ADX Energy Ltd (ADX) is an upstream oil and gas company that carries out energy exploration activities in North Africa and Europe. The company owns and operates projects, including the Nilde Oil Redevelopment Project, the Dougga Gas Condensate Project, and the Parta Appraisal Project. It operates oil and gas permits, which include Pantelleria license area in Italy, Kerkouane permit area in Tunisia, d363 C.R-.AX and G.R15.PU in Italy and Tunisia, EX-10 Parta exploration license and Iecea Mare production license in onshore Romania. The company also holds interest in gold and base metal assets in Australia. It has operational presence in Austria, the UK, Italy, Tunisia, and Romania. ADX is headquartered in Perth, Western 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.