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 33.14% of its total recoverable reserves, with peak production in 2021. 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.
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 transmits 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 an 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.