Echidna is a conventional oil development located in deepwater in Brazil and is operated by Karoon Petroleo & Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Echidna was discovered in 2015, lies in block Neon, with water depth of around 1,132 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project will be approved in 2023. The Echidna conventional oil development will involve the drilling of approximately three wells and includes FPSO and subsea trees.
Field participation details
The field is owned by Karoon Energy and NGE Capital.
Production from Echidna
Production from the Echidna conventional oil development project is expected to begin in 2024 and is forecast to peak in 2025, to approximately 14,145 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2047.
Remaining recoverable reserves
The field is expected to recover 44.30 Mmboe, comprised of 44.30 Mmbbl of crude oil & condensate.
Contractors involved in the Echidna conventional oil field
Some of the key contractors involved in the Echidna project as follows.
Other Contractors: John Wood Group, A.P. Moller - Maersk, QGOG Constellation and WorleyParsons
For more details on the Echidna 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.
