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December 1, 2021updated 27 Apr 2022 12:30pm

Julia Conventional Oil Field, US

By Carmen

Julia is a producing conventional oil field located in ultra-deepwater in the US and is operated by Exxon Mobil. The field is located in block Walker Ridge 627 and Walker Ridge 584, with water depth of 7,120 feet.

An expansion project is associated with the Julia, namely Julia Phase 2. This project is currently in the approval stage, expected to start in 2033.

Field participation details

The field is owned by Equinor and Exxon Mobil.


Production from Julia

The Julia conventional oil field recovered 54.20% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 32.22 thousand bpd of crude oil and condensate and 4 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2034.


Remaining recoverable reserves

The field is expected to recover 32.37 Mmboe, comprised of 31.34 Mmbbl of crude oil & condensate and 6.15 bcf of natural gas reserves. Julia conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Exxon Mobil

Exxon Mobil Corp (ExxonMobil) is an integrated oil and gas company that discovers, explores , develops and produces crude oil, natural gas and natural gas liquids. It carries out the refining of crude oil; produces, transports, trades and sells petroleum products; and manufactures lube basestocks and finished lubricants. The company also manufactures and markets commodity petrochemicals including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. It operates through a network of manufacturing plants, transportation systems, and distribution centers. The company has operational presence in North America, Latin America, Asia Pacific, Europe, the Middle East and Africa. ExxonMobil is headquartered in Irving, Texas, the US.

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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