Buffalo (Re-Development) is a conventional oil development located in shallow water in Timor-Leste and is operated by Carnarvon Petroleum Timor Unipessoal. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block WA-523-P (Released as W15-2) and TL-SO-T 19-14, with water depth of around 341 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project will be approved in 2023. The development cost is expected to be $150 m. The Buffalo (Re-Development) conventional oil development will involve the drilling of approximately three wells and includes FPSO and wellhead platforms.
Field participation details
The field is owned by Beacon Energy and Carnarvon Energy.
Production from Buffalo (Re-Development)
Production from the Buffalo (Re-Development) conventional oil development project is expected to begin in 2024 and is forecast to peak in 2024, to approximately 30,000 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2034.
Remaining recoverable reserves
The field is expected to recover 38.88 Mmboe, comprised of 38.88 Mmbbl of crude oil & condensate.
Contractors involved in the Buffalo (Re-Development) conventional oil field
Some of the key contractors involved in the Buffalo (Re-Development) project as follows.
Other Contractors: Valaris and Petrofac
For more details on the Buffalo (Re-Development) 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.
