Pennington is a producing conventional oil field located onshore Australia and is operated by Beach Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block PPL 261 and PRL 163. Buy the profile here.
Field participation details
The field is owned by Beach Energy.
Production from Pennington
The Pennington conventional oil field recovered 97.56% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 1.16 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.
Remaining recoverable reserves
The field is expected to recover 0.03 Mmboe, comprised of 0.03 Mmbbl of crude oil & condensate.
About Beach Energy
Beach Energy Ltd (Beach) is an independent upstream oil and gas company. It carries out the exploration, development, production, processing and transportation of crude oil and natural gas. Beach’s asset portfolio includes ownership interests in oil and gas infrastructure, assets across Australia and New Zealand and a suite of high potential exploration prospects across the five basins. The company’s producing assets include Cooper, offshore Otway and Bass basins. It also has permits in the onshore Otway, Bonaparte, Browse, Taranaki and the Canterbury basins. Beach is headquartered in Adelaide, South Australia, Australia.
For more details on the Pennington Conventional Oil Field, buy the profile here.