Papua is a producing conventional oil field located onshore Indonesia and is operated by PT Pertamina EP. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.
Field participation details
The field is owned by PT Pertamina (Persero).
Production from Papua
The Papua conventional oil field recovered 47.83% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 1.32 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2069.
Remaining recoverable reserves
The field is expected to recover 5.42 Mmboe, comprised of 5.42 Mmbbl of crude oil & condensate.
About PT Pertamina EP
Pertamina EP is in the business of extracting crude oil. The company's business focuses on the exploration, development, and/or production of petroleum from wells in which the hydrocarbons will initially flow or can be produced using standard or enhanced drilling and extraction techniques, as well as the production of crude petroleum from surface shales or tar sands. The company is headquartered in Indonesia.
For more details on the Papua Conventional 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.
