Tarantula is a producing conventional oil field located in shallow water in the US and is operated by QuarterNorth Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block South Timbalier 308, with water depth of 484 feet. Buy the profile here.
Field participation details
The field is owned by QuarterNorth Energy.
Production from Tarantula
The Tarantula conventional oil field recovered 99.00% of its total recoverable reserves, with peak production in 2005. The peak production was approximately 15.09 thousand bpd of crude oil and condensate and 26.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026.
Remaining recoverable reserves
The field is expected to recover 0.38 Mmboe, comprised of 0.31 Mmbbl of crude oil & condensate and 0.42 bcf of natural gas reserves.
About QuarterNorth Energy
QuarterNorth Energy LLC (QuarterNorth) explores and develops deposits of crude oil and natural gas. The company is headquartered in the US.
For more details on the Tarantula Conventional 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.
