K2 is a producing conventional oil field located in deepwater in the US and is operated by Anadarko Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Green Canyon 561, Green Canyon 606, and Green Canyon 562, with water depth of 4,170 feet. Buy the profile here.
Field participation details
The field is owned by Ecopetrol, Eni, JX Nippon Oil & Gas Exploration, Occidental Petroleum and Ogog (Gom 1).
Production from K2
The K2 conventional oil field recovered 74.87% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 29.79 thousand bpd of crude oil and condensate and 29.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2070.
Remaining recoverable reserves
The field is expected to recover 43.37 Mmboe, comprised of 39.50 Mmbbl of crude oil & condensate and 23.18 bcf of natural gas reserves. K2 conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
About Anadarko Petroleum
Anadarko Petroleum Corp (Anadarko) is an energy company that engages in acquisition, exploration and production of oil and natural gas. It also involved in gathering, compressing, processing, and transporting of natural gas. The company is headquartered in The Woodlands, Texas, the US.
For more details on the K2 Conventional Oil 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.
