Madison is a producing conventional oil field located in deepwater in the US and is operated by Exxon Mobil. The field is located in block Alaminos Canyon 24, with water depth of 4,856 feet.
Field participation details
The field is owned by Exxon Mobil.
Production from Madison
The Madison conventional oil field recovered 86.15% of its total recoverable reserves, with peak production in 2003. The peak production was approximately 6.85 thousand bpd of crude oil and condensate and 5 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2029.
Remaining recoverable reserves
The field is expected to recover 2.41 Mmboe, comprised of 2.33 Mmbbl of crude oil & condensate and 0.46 bcf of natural gas reserves.
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.