Spring Gully (PL 203) 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, Buy the profile here.
Field participation details
The field is owned by AGL Energy, China Petrochemical, ConocoPhillips, Origin Energy, Santos and Tri-Star Petroleum.
Production from Spring Gully (PL 203)
The Spring Gully (PL 203) cbm field recovered 61.49% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 31.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049.
Remaining recoverable reserves
The field is expected to recover 7.12 Mmboe, comprised of 42.72 bcf of natural gas reserves. Spring Gully (PL 203) cbm field reserves accounts 0.17% 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 Spring Gully (PL 203) CBM Field, buy the profile here.