Montara Development is a producing conventional oil field located in shallow water in Australia and is operated by Jadestone Energy (Eagle). The field is located in block AC/L7 and AC/L8, with water depth of 279 feet.
Field participation details
The field is owned by Jadestone Energy.
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Production from Montara Development
The Montara Development conventional oil field recovered 86.01% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 18.59 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026.
Remaining recoverable reserves
The field is expected to recover 5.69 Mmboe, comprised of 5.69 Mmbbl of crude oil & condensate.
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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