Newstead is a producing conventional gas field located onshore Australia and is operated by Armour Energy (Surat Basin). The field is located in block PL 27.

Field participation details

The field is owned by Armour Energy.


Production from Newstead

The Newstead conventional gas field recovered 80.24% of its total recoverable reserves, with peak production in 1990. The peak production was approximately 0.08 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 2043.


Remaining recoverable reserves

The field is expected to recover 0.84 Mmboe, comprised of 5.02 bcf of natural gas reserves.


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.