Vega Pleyade is a producing conventional gas field located in shallow water in Argentina and is operated by Total Austral. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Cuenca Marina Austral 1, with water depth of 233 feet. Buy the profile here.

Field participation details

The field is owned by BASF, BP, Bridas Energy Holdings, China National Offshore Oil, LetterOne Holdings and TotalEnergies.

Production from Vega Pleyade

The Vega Pleyade conventional gas field recovered 56.02% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 1.30 thousand bpd of crude oil and condensate, 289.00 Mmcfd of natural gas and 0.28 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036. The field currently accounts for approximately 2% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 71.30 Mmboe, comprised of 0.98 Mmbbl of crude oil & condensate, 415.10 bcf of natural gas reserves and 1.13 Mmbbl of natural gas liquid reserves. Vega Pleyade conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.

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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.