Guntong is a producing conventional oil field located in shallow water in Malaysia and is operated by Exxon Mobil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block PM 9, with water depth of 180 feet. Buy the profile here.
Field participation details
The field is owned by Exxon Mobil and Petroliam Nasional.
Production from Guntong
The Guntong conventional oil field recovered 97.13% of its total recoverable reserves, with peak production in 1999. The peak production was approximately 108.70 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2027. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 22.66 Mmboe, comprised of 22.66 Mmbbl of crude oil & condensate. Guntong conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
About Exxon Mobil
Exxon Mobil Corp (ExxonMobil) is an integrated oil and gas company that discovers, explores for, develops and produces crude oil, natural gas and natural gas liquids. It carries out the refining of crude oil; produces, transports, trades and sells petroleum products; and manufactures lube base stocks and finished lubricants. ExxonMobil also manufactures and markets commodity petrochemicals including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. It operates through a network of manufacturing plants, transportation systems, and distribution centers. The company has an operational presence in North America, Latin America, Asia Pacific, Europe, the Middle East and Africa. ExxonMobil is headquartered in Irving, Texas, the US.
For more details on the Guntong Conventional Oil Field, buy the profile here.