Laverda Canyon is a producing heavy oil field located in deepwater in Australia and is operated by Woodside Energy Group. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block WA-59-L, with water depth of 2,755 feet. Buy the profile here.
Field participation details
The field is owned by Mitsui and Woodside Energy Group.
Production from Laverda Canyon
The Laverda Canyon heavy oil field recovered 32.71% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 14.43 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2054.
Remaining recoverable reserves
The field is expected to recover 33.69 Mmboe, comprised of 33.69 Mmbbl of crude oil & condensate. Laverda Canyon heavy oil field reserves accounts 0.08% of total remaining reserves of producing heavy oil fields globally.
About Woodside Energy Group
Woodside Energy Group Ltd (Woodside), formerly Woodside Petroleum Ltd, is an independent oil and gas company that explores, develops, produces, and supplies energy. It explores and produces oil and gas from a portfolio of facilities in association with some of the world’s major oil and gas companies. The company operates liquefied natural gas trains, offshore gas platforms, and oil floating production storage and offloading (FPSO) vessels. Woodside also operates a network of subsea and pipeline infrastructure in Australian waters. Woodside maintains international exploration assets in Oceania, Africa, Asia, the Americas and Europe. Woodside is headquartered in Perth, Western Australia, Australia.
For more details on the Laverda Canyon Heavy 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.
