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November 23, 2021

Manta Gas Project Conventional Gas Field, Australia

By Carmen

Manta Gas Project is a conventional gas development located in shallow water in Australia and is operated by Cooper Energy. The field has water depth of around 869 feet.

The project is currently in feed stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2022. The development cost is expected to be $416 m. The Manta Gas Project conventional gas development will involve the drilling of approximately two wells.

Field participation details

The field is owned by Cooper Energy.


Production from Manta Gas Project

Production from the Manta Gas Project conventional gas development project is expected to begin in 2025 and is forecast to peak in 2028, to approximately 12,110 bpd of crude oil and condensate and 43 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2062.


Remaining recoverable reserves

The field is expected to recover 57.22 Mmboe, comprised of 35.87 Mmbbl of crude oil & condensate and 128.1 bcf of natural gas reserves.


About Cooper Energy

Cooper Energy Ltd (CEL) is an oil and gas exploration and production company that offers oil production programs. The company produces, commercializes crude oil and natural gas products. It conducts exploration for oil and gas through a portfolio of prospective acreage in the Cooper, Otway and Gippsland basins in Australia. CEL also secures, develops, produces and sells hydrocarbons. The Company’s operations and interests include offshore gas and gas liquids production in the Otway Basin, Victoria, from the Casino, Henry, Netherby and Minerva gas fields. The company operates through its offices located in Perth and Adelaide, Australia. CEL is headquartered in Adelaide, South Australia, Australia.

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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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