Macedon is a producing conventional gas field located in shallow water in Australia and is operated by Woodside Energy (Australia). According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block WA-42-L, WA-155-P, and WA-48-L, with water depth of 607 feet. Buy the profile here.
Two expansion projects are associated with the Macedon conventional gas field, namely the Macedon Infill Opportunities and the Macedon Compression Project. The expansion projects are currently in the feasibility stage.
Field participation details
The field is owned by Santos and Woodside Energy Group.
Production from Macedon
The Macedon conventional gas field recovered 61.56% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 0.01 thousand bpd of crude oil and condensate and 205.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2051. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 61.30 Mmboe, comprised of 0.03 Mmbbl of crude oil & condensate and 367.58 bcf of natural gas reserves. Macedon conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.
About Woodside Energy (Australia)
Woodside Energy (Australia) Pty Ltd (Woodside Energy) is a petroleum exploration and production company. Woodside Energy is headquartered in Australia.
For more details on the Macedon Conventional Gas Field, buy the profile here.