Loon (Harvest Operations Corp.) AB is a producing conventional oil field located onshore Canada and is operated by Harvest Operations.

Field participation details

The field is owned by Korea National Oil.


Production from Loon (Harvest Operations Corp.) AB

The Loon (Harvest Operations Corp.) AB conventional oil field recovered 68.38% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 4.05 thousand bpd of crude oil and condensate and 0.07 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2060.


Remaining recoverable reserves

The field is expected to recover 5.39 Mmboe, comprised of 5.16 Mmbbl of crude oil & condensate, 0.49 bcf of natural gas reserves and 0.16 Mmbbl of natural gas liquid reserves.


About Harvest Operations

Harvest Operations Corp (Harvest), a wholly-owned subsidiary of Korea National Oil Corporation (KNOC), is an oil and gas exploration company. Harvest carries out exploration, development and production of crude oil, natural gas (upstream) and natural gas liquids. It is also involved in the operation of the BlackGold oil sands project located near Conklin, Alberta. Phase1. The company operates with its key activities focused under its key areas include Royce, Cecil South, Cecil North, Deep Basin and Deep Basin. Harvest is headquartered in Calgary, Alberta, Canada.

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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