Golden Beach is a conventional gas development located in shallow water in Australia and is operated by Carnarvon Hibiscus. Discovered in 1967, Golden Beach lies in block VIC/P57, with water depth of around 164 feet.
The project is currently in approval stage and is expected to start commercial production in 2022. The development cost is expected to be $92 m. The Golden Beach conventional gas development will involve the drilling of approximately two wells.
Field participation details
The field is owned by Hibiscus Petroleum and 3D Oil.
Production from Golden Beach
Production from the Golden Beach conventional gas development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 43 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2048.
Remaining recoverable reserves
The field is expected to recover 12.44 Mmboe, comprised of 74.63 bcf of natural gas reserves.
Contractors involved in the Golden Beach conventional gas field
Some of the key contractors involved in the Golden Beach project as follows.
Design/FEED Engineering: Atteris
Other Contractors: John Wood Group
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.