Bay Marchand 2 is a producing conventional oil field located in shallow water in the US and is operated by Cantium. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Bay Marchand 2, Bay Marchand 3, Grand Isle 26 (00390), Grand Isle 37 (00392), South Timbalier 23 (00386), South Timbalier 24 (00595), Grand Isle 37 (00685), South Timbalier 24 (00387), and Grand Isle 26 (00391), with water depth of 57 feet. Buy the profile here.
Field participation details
The field is owned by Cantium and W&T Offshore.
Production from Bay Marchand 2
The Bay Marchand 2 conventional oil field recovered 94.67% of its total recoverable reserves, with peak production in 1963. The peak production was approximately 54.65 thousand bpd of crude oil and condensate and 39.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2050.
Remaining recoverable reserves
The field is expected to recover 22.78 Mmboe, comprised of 21.26 Mmbbl of crude oil & condensate and 9.16 bcf of natural gas reserves. Bay Marchand 2 conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
For more details on the Bay Marchand 2 Conventional Oil 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.
