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December 1, 2021

K2 Conventional Oil Field, US

By Carmen

K2 is a producing conventional oil field located in deepwater in the US and is operated by Anadarko Petroleum. The field is located in block Green Canyon 561, Green Canyon 606, and Green Canyon 562, with water depth of 4,170 feet.

Field participation details

The field is owned by Occidental Petroleum, Eni, JX Nippon Oil & Gas Exploration, ConocoPhillips and Ecopetrol.


Production from K2

The K2 conventional oil field recovered 77.10% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 29.79 thousand bpd of crude oil and condensate and 29 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2057.


Remaining recoverable reserves

The field is expected to recover 33.55 Mmboe, comprised of 31.65 Mmbbl of crude oil & condensate and 11.39 bcf of natural gas reserves. K2 conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Anadarko Petroleum

Anadarko Petroleum Corp (Anadarko) is an energy company that engages in acquisition, exploration and production of oil and natural gas. It also involved in gathering, compressing, processing, and transporting of natural gas. The company is headquartered in The Woodlands, 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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