Palm Valley is a producing conventional gas field located onshore Australia and is operated by Central Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block OL 3. Buy the profile here.
Field participation details
The field is owned by Central Petroleum and OG Oil & Gas.
Production from Palm Valley
The Palm Valley conventional gas field recovered 94.04% of its total recoverable reserves, with peak production in 1991. The peak production was approximately 25.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2078.
Remaining recoverable reserves
The field is expected to recover 1.80 Mmboe, comprised of 10.82 bcf of natural gas reserves.
About Central Petroleum
Central Petroleum Ltd (CPL) operates as an oil and gas company that offers exploration and development services. The company develops, produces, processes and markets hydrocarbons. It operates its oil and gas assets in Amadeus basin, Pedirka basin, Georgina basin, and Wiso basin. CPL’s Amadeus basin assets include Mereenie oil and gas field, Dingo gas field, Ooraminna field, North Mereenie block, Southern Amadeus basin, Surprise oil field, and Palm Valley gas field. The company has exploration permits such as EP(A) 130, EP 112, EP 125, EP 105, EP(A) 149, and EP(A) 147 in Pedirka basin. It also provides advisory services on oil and gas projects in central Australia. CPL is headquartered in Brisbane, Queensland, Australia.
For more details on the Palm Valley 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.
