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.

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Field participation details

The field is owned by Beach Energy.

Production from Pennington

The Pennington conventional oil field recovered 90.98% of its total recoverable reserves, with peak production in 2016. Based on economic assumptions, production will continue until the field reaches its economic limit in 2041.

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 in Australia and New Zealand and a suite of high potential exploration prospects spanning five basins. The company’s producing assets include Cooper, offshore Otway and Bass basins. The Otway Basin is an onshore and offshore basin extending from the Cape Jaffa in South Australia to north-west Tasmania. 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.

This content was updated on 14 May 2024

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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.