Golden Beach is a conventional gas development located in shallow water in Australia and is operated by Carnarvon Hibiscus. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Golden Beach was discovered in 1967, lies in block VIC/P57, with water depth of around 164 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2025. The development cost is expected to be $92 m. The Golden Beach conventional gas development will involve the drilling of approximately two wells.
Field participation details
The field is owned by 3D Oil and Hibiscus Petroleum.
Production from Golden Beach
Production from the Golden Beach conventional gas development project is expected to begin in 2025 and is forecast to peak in 2027, to approximately 43 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2038.
Remaining recoverable reserves
The field is expected to recover 11.21 Mmboe, comprised of 67.26 bcf of natural gas reserves.
Contractors involved in the Golden Beach conventional gas field
Some of the key contractors involved in the Golden Beach project as follows.
Design/FEED Engineering: Atteris
Other Contractors: John Wood Group
For more details on the Golden Beach Conventional Gas 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.
