Gaiselberg is a producing conventional oil field located onshore Austria and is operated by ADX Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.
An expansion project is associated with the Gaiselberg, namely the Gaiselberg Development. This project is currently in the feasibility stage.
Field participation details
The field is owned by ADX Energy.
Production from Gaiselberg
The Gaiselberg conventional oil field recovered 91.96% of its total recoverable reserves, with peak production in 1978. The peak production was approximately 1.03 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 0.80 Mmboe, comprised of 0.80 Mmbbl of crude oil & condensate.
About ADX Energy
ADX Energy Ltd (ADX) is an upstream oil and gas company that carries out energy exploration activities in North Africa and Europe. The company owns and operates projects, including conventional and renewable energy projects that includes Vienna Basin Fields, ADX-AT-I and ADX-AT-II exploration licenses and renewable energy projects in the feasibility phase. It operates oil and gas permits, along with all assets, which includes core production, geological and operations from the team based in Austria and Romania. The Perth office provides commercial, corporate, accounting and administrative support. The company also holds interest in gold and base metal assets in Australia. It has operational presence in Austria, the UK, Italy, Tunisia, and Romania. ADX is headquartered in Perth, Western Australia, Australia.
For more details on the Gaiselberg Conventional Oil Field, buy the profile here.