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 Oil Search, Exxon Mobil, Kumul Petroleum Holdings, JX Nippon Oil & Gas Exploration, Marubeni and Mineral Resources Development.
Production from Greater Moran Unit
The Greater Moran Unit conventional oil field recovered 77.22% 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 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 30.02 Mmboe, comprised of 30.02 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.
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.