Glenaras is a cbm development located onshore Australia and is operated by Capricorn Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block ATP 2019P. Buy the profile here.
The project is currently in commissioning stage and is expected to start commercial production in 2023. The Glenaras cbm development will involve the drilling of approximately five wells.
Field participation details
The field is owned by Galilee Energy.
Production from Glenaras
Production from the Glenaras cbm development project is expected to begin in 2023 and is forecast to peak in 2026, to approximately 263 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2052.
Remaining recoverable reserves
The field is expected to recover 145.94 Mmboe, comprised of 875.66 bcf of natural gas reserves.
Contractors involved in the Glenaras cbm field
Some of the key contractors involved in the Glenaras project as follows.
Other Contractors: Schlumberger, Silver City Drilling and Ventia Services Group
About Capricorn Energy
Capricorn Energy Holdings Ltd (Capricorn Energy), formerly Capricorn Energy Ltd is a crude petroleum extraction company. The company supports explorations, development and production activities of oil. It provides administrative and other services to the Capricorn Energy PLC group companies and is the main employer of the group. The company reviews and invests funds to support subsidiary exploration activities and evaluates capital allocation for future periods. It is the wholly owned subsidiary of Capricorn Oil Ltd. Capricorn Energy is headquartered in Edinburgh, Scotland, the UK.
For more details on the Glenaras CBM 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.
