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November 26, 2021

Macedon Conventional Gas Field, Australia

By Carmen

Macedon is a producing conventional gas field located in shallow water in Australia and is operated by BHP Billiton Petroleum (Australia). The field is located in block WA-42-L, WA-155-P, and WA-48-L, with water depth of 607 feet.

Two expansion projects are associated with the Macedon conventional gas field, namely Macedon Infill Opportunities and Macedon Compression Project. The expansion projects are currently in the feasibility stage.

Field participation details

The field is owned by BHP and Santos.


Production from Macedon

The Macedon conventional gas field recovered 49.49% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 0.01 thousand bpd of crude oil and condensate and 205 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2053. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 78.5 Mmboe, comprised of 0.04 Mmbbl of crude oil & condensate and 470.73 bcf of natural gas reserves. Macedon conventional gas field reserves accounts 0.03% of total remaining reserves of producing conventional gas fields globally.


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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