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December 2, 2021updated 27 Apr 2022 12:36pm

Medanito Conventional Oil Field, Argentina

By Carmen

Medanito is a producing conventional oil field located onshore Argentina and is operated by Petroquimica Comodoro Rivadavia. The field is located in block El Medanito LP.

Field participation details

The field is owned by Petroquimica Comodoro Rivadavia and Pampetrol SAPEM.


Production from Medanito

The Medanito conventional oil field recovered 76.54% of its total recoverable reserves, with peak production in 2011. The peak production was approximately 6.95 thousand bpd of crude oil and condensate, 25 Mmcfd of natural gas and 0.16 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 18.98 Mmboe, comprised of 14.53 Mmbbl of crude oil & condensate, 24.01 bcf of natural gas reserves and 0.46 Mmbbl of natural gas liquid reserves.


About Petroquimica Comodoro Rivadavia

Petroquimica Comodoro Rivadavia SA, is operates in the areas of oil and gas exploration and production, cement production and distribution, and renewable power generation. The company is headquartered in Argentina.

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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