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November 26, 2021

Laverda Canyon Heavy Oil Field, Australia

By Carmen

Laverda Canyon is a producing heavy oil field located in deepwater in Australia and is operated by Woodside Energy. The field is located in block WA-59-L, with water depth of 2,755 feet.

Field participation details

The field is owned by Woodside Petroleum and Mitsui.


Production from Laverda Canyon

The Laverda Canyon heavy oil field recovered 15.26% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 14.43 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2054.


Remaining recoverable reserves

The field is expected to recover 42.42 Mmboe, comprised of 42.42 Mmbbl of crude oil & condensate. Laverda Canyon heavy oil field reserves accounts 0.09% of total remaining reserves of producing heavy oil fields globally.


About Woodside Energy

Woodside Energy Ltd (Woodside Energy) is a producer of oil and natural gas. It engages in development and production of hydrocarbon and hydrocarbon products. Woodside Energy is headquartered in Perth, Western Australia, Australia.

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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