Pargo is a producing conventional oil field located in shallow water in Brazil and is operated by Perenco Petroleo e Gas do Brasil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block PG (Pargo), with water depth of 361 feet. Buy the profile here.
Field participation details
The field is owned by Perenco Holdings.
Production from Pargo
The Pargo conventional oil field recovered 87.31% of its total recoverable reserves, with peak production in 1990. The peak production was approximately 19.46 thousand bpd of crude oil and condensate and 1.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036.
Remaining recoverable reserves
The field is expected to recover 10.78 Mmboe, comprised of 10.78 Mmbbl of crude oil & condensate.
For more details on the Pargo 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.
