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November 30, 2021updated 27 Apr 2022 12:32pm

Greater Moran Unit Conventional Oil Field, Papua New Guinea

By Carmen

Greater Moran Unit is a producing conventional oil field located onshore Papua New Guinea and is operated by Oil Search (PNG). The field is located in block PDL 2, PDL 5, and PDL 6.

Field participation details

The field is owned by Santos, Mineral Resources Development, Marubeni, Kumul Petroleum Holdings, JX Nippon Oil & Gas Exploration and Exxon Mobil.


Production from Greater Moran Unit

The Greater Moran Unit conventional oil field recovered 79.15% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 21.07 thousand bpd of crude oil and condensate and 1 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 3% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 27.47 Mmboe, comprised of 27.47 Mmbbl of crude oil & condensate. Greater Moran Unit conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Oil Search (PNG)

Oil Search (PNG) Limited is an energy company based in Papua New Guinea. The company operates all the existing oil and gas production facilities in the country and is a subsidiary of Oil Search Limited.

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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