Point Pedernales is a producing heavy oil field located in shallow water in the US and is operated by Freeport-McMoRan Oil & Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block NI10-06 6374 (P00441), NI10-06 6273 (P00438), NI10-06 6323 (P00437), NI10-06 6323 (P00441), NI10-06 6273 (P00437), NI10-06 6274 (P00438), NI10-06 6324 (P00441), NI10-06 6325 (P00441), NI10-06 6322 (P00437), NI10-06 6323 (P00440), NI10-06 6372 (P00440), NI10-06 6272 (P00437), NI10-06 6322 (P00440), NI10-06 6323 (P00438), NI10-06 6373 (P00440), NI10-06 6324 (P00438), NI10-06 6373 (P00441), and NI10-06 6375 (P00441). Buy the profile here.
Field participation details
The field is owned by Freeport-McMoRan.
Production from Point Pedernales
The Point Pedernales heavy oil field recovered 78.35% of its total recoverable reserves, with peak production in 1996. The peak production was approximately 11.42 thousand bpd of crude oil and condensate and 5.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2056.
Remaining recoverable reserves
The field is expected to recover 17.23 Mmboe, comprised of 16.23 Mmbbl of crude oil & condensate and 6.04 bcf of natural gas reserves. Point Pedernales heavy oil field reserves accounts 0.04% of total remaining reserves of producing heavy oil fields globally.
About Freeport-McMoRan Oil & Gas
Freeport-McMoRan Oil & Gas LLC (FMOG) formerly Plains Exploration & Production Company is an independent energy company. The company acquires, develops, exploration and produces oil and gas acreage in California, Texas and Louisiana. FMOG's operations are San Joaquin Valley, Los Angeles Basin, Santa Maria Basin, Arroyo Grande and Eagle Ford among others. The company’s other properties in Gulf Coast Region include Eagle Ford Shale and Haynesville Shale and the Rocky Mountains. It completed the sale of gas properties and three Gulf of Mexico shelf oil in the West Delta and Mississippi Canyon region. FMOG‘s Gulf of Mexico assets include coastal offshore and onshore areas of Texas and Louisiana and the Gulf of Mexico. The company operates through its 20 subsidiaries located across Canada, Cayman Islands and the US. FMOG is headquartered in Houston, Texas, the US.
For more details on the Point Pedernales Heavy 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.
