Peat is a producing cbm field located onshore Australia and is operated by Origin Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block PL 101. Buy the profile here.
Field participation details
The field is owned by China Petrochemical, ConocoPhillips and Origin Energy.
Production from Peat
The Peat cbm field recovered 73.40% of its total recoverable reserves, with peak production in 2003. The peak production was approximately 14.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2044.
Remaining recoverable reserves
The field is expected to recover 3.97 Mmboe, comprised of 23.84 bcf of natural gas reserves. Peat cbm field reserves accounts 0.10% of total remaining reserves of producing cbm fields globally.
About Origin Energy
Origin Energy Ltd (Origin Energy) is an integrated energy company, which generates, supplies and distributes electricity; explores for and develops natural gas reserves; and produces and sells gas. The company generates electricity from natural-gas fired, coal-fired, wind, solar, pumped water storage and cogeneration plants. It supplies electricity, liquefied petroleum gas (LPG) and natural gas to residential, commercial and industrial customers. The company’s gas exploration and production portfolio includes interests in basins in Australia, New Zealand and Vietnam. It owns and operates natural gas production plants in Australia and New Zealand. The company has operations in Australia, New Zealand, Vietnam, Chile and Indonesia. Origin Energy is headquartered in Sydney, New South Wales, Australia.
For more details on the Peat CBM 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.
