Enterprise is a conventional gas development located in shallow water in Australia and is operated by Beach Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Enterprise was discovered in 2020, lies in block VIC/P 42 (V), with water depth of around 95 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project was approved in 2022. The development cost is expected to be $51 m.
Field participation details
The field is owned by Beach Energy and O.G. Energy Holdings.
Production from Enterprise
Production from the Enterprise conventional gas development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 1,575 bpd of crude oil and condensate, 63 Mmcfd of natural gas and 1,071 bpd of natural gas liquids. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2036.
Remaining recoverable reserves
The field is expected to recover 34.62 Mmboe, comprised of 4.15 Mmbbl of crude oil & condensate, 165.92 bcf of natural gas reserves and 2.82 Mmbbl of natural gas liquid reserves.
About Beach Energy
Beach Energy Ltd (Beach) is an independent upstream oil and gas company. It carries out the exploration, development, production, processing and transportation of crude oil and natural gas. Beach’s asset portfolio includes ownership interests in oil and gas infrastructure, assets across Australia and New Zealand and a suite of high potential exploration prospects across the five basins. The company’s producing assets include Cooper, offshore Otway and Bass basins. It also has permits in the onshore Otway, Bonaparte, Browse, Taranaki and the Canterbury basins. Beach is headquartered in Adelaide, South Australia, Australia.
For more details on the Enterprise Conventional Gas Field, buy the profile here.