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April 28, 2022

Glenaras CBM Field, Australia

By Carmen

Glenaras is a cbm development located onshore Australia and is operated by Capricorn Energy. Glenaras lies in block ATP 2019P.

The project is currently in commissioning stage and is expected to start commercial production in 2023. The Glenaras cbm development will involve the drilling of approximately five wells.

Field participation details

The field is owned by Galilee Energy.


Production from Glenaras

Production from the Glenaras cbm development project is expected to begin in 2022 and is forecast to peak in 2027, to approximately 263 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2049.


Remaining recoverable reserves

The field is expected to recover 135.65 Mmboe, comprised of 813.92 bcf of natural gas reserves.


Contractors involved in the Glenaras cbm field

Some of the key contractors involved in the Glenaras project as follows.

Other Contractors: Ferrovial Services Australia, Schlumberger and Silver City Drilling

About Capricorn Energy

Capricorn Energy Limited (Capricorn Energy) is an independent energy company. It is is a subsidiary of Cairn Energy plc. The company is engaged in the exploration and production of oil. Previously, it was known as Cairn Resources Limited.. Capricorn Energy has assets in Bangladesh, Nepal, Northern India, Tunisia. Presently the company has acquired six exploration blocks in Greenland and one oil discovery in India at Rajasthan (Shakti North East). In Nepal and Bangladesh it has acquired total four blocks. It is headquartered in Edinburgh, the UK. In the fiscal year 2008, the company had acquired 92% interest in the Cape Farewell 1 and 2 blocks offshore southern Greenland. The company was incorporated in the year 2006. Cairn Energy PLC, an oil and gas E&P company, entered into an agreement to acquire 9.99% interest in the company, from Dyas BV, a wholly owned subsidiary of SHV Holdings N.V., for $95 million. Following the transaction, the company will be a wholly owned subsidiary of Cairn Energy. In August 2012, the company acquired Nautical Petroleum PLC.

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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