Argyle is a producing cbm field located onshore Australia and is operated by QGC. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block PL 179 and PL 229. Buy the profile here.
Field participation details
The field is owned by China National Offshore Oil, China Petrochemical, ConocoPhillips, Origin Energy, Shell and Tokyo Gas.
Production from Argyle
The Argyle cbm field recovered 53.22% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 50.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049.
Remaining recoverable reserves
The field is expected to recover 24.44 Mmboe, comprised of 146.64 bcf of natural gas reserves. Argyle cbm field reserves accounts 0.59% of total remaining reserves of producing cbm fields globally.
About QGC
QGC Pty Limited (QGC), a subsidiary of Royal Dutch Shell plc, is a natural gas exploration and production company. It strives to develop onshore gas reserves in Queensland. QGC is headquartered in Brisbane, Australia.
For more details on the Argyle CBM Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
