Cheal is a producing conventional oil field located onshore New Zealand and is operated by Cheal Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 174E39/14 (PMP 38156). Buy the profile here.
Field participation details
The field is owned by Tamarind Resources.
Production from Cheal
The Cheal conventional oil field recovered 66.58% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 1.37 thousand bpd of crude oil and condensate and 1.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2056. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 2.73 Mmboe, comprised of 2.21 Mmbbl of crude oil & condensate and 3.15 bcf of natural gas reserves.
About Cheal Petroleum
Cheal Petroleum Limited is an oil and gas exploration and production company that holds interests in Cheal Oil Field and PEP 38738-D.
For more details on the Cheal 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.
