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  1. Market Data
May 5, 2022

Golden Grove CBM Field, Australia

By Carmen

Golden Grove is a producing cbm field located onshore Australia and is operated by QGC Upstream Holdings. The field is located in block PL 397 and PL 464.

Field participation details

The field is owned by China National Offshore Oil, Tokyo Gas and Shell.


Production from Golden Grove

The Golden Grove cbm field recovered 27.00% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 5 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048.


Remaining recoverable reserves

The field is expected to recover 2.7 Mmboe, comprised of 16.18 bcf of natural gas reserves. Golden Grove cbm field reserves accounts 0.06% of total remaining reserves of producing cbm fields globally.


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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