Panen is a producing conventional oil field located onshore Indonesia and is operated by PetroChina. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Jabung. Buy the profile here.
Field participation details
The field is owned by China National Petroleum, Petroliam Nasional and PT Pertamina (Persero).
Production from Panen
The Panen conventional oil field recovered 24.83% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 12.70 thousand bpd of crude oil and condensate and 55.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 58.65 Mmboe, comprised of 37.96 Mmbbl of crude oil & condensate and 124.13 bcf of natural gas reserves. Panen conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
About PetroChina
PetroChina Co Ltd (PetroChina), a subsidiary of China National Petroleum Corporation, is an oil and gas company. It explores for and develops and produces crude oil and natural gas; refines crude oil and petroleum products; and produces and sells basic and derivative chemical products and others. The company also carries out the production and marketing of primary petrochemical products. It also markets and trades refined products; and transmit natural gas, crude oil and refined products through pipelines. The company’s exploration basins include Songliao, Ordos, Tarim, Junggar, Sichuan and Bohai Bay. The company has operational presence in China, Kazakhstan, Australia and Indonesia. PetroChina is headquartered in Beijing City, Beijing, China.
For more details on the Panen Conventional Oil Field, buy the profile here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
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.
