Watkins is a producing conventional oil field located onshore Australia and is operated by Santos. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block PL 35. Buy the profile here.
Field participation details
The field is owned by Beach Energy, Bounty Oil & Gas, Energy World, New Hope and Santos.
Production from Watkins
The Watkins conventional oil field recovered 88.88% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 2.54 thousand bpd of crude oil and condensate. 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 0.34 Mmboe, comprised of 0.01 Mmbbl of crude oil & condensate and 2.03 bcf of natural gas reserves.
Santos Ltd (Santos) is an oil and natural gas company. Its activities include onshore, offshore, and liquefied natural gas (LNG) projects. The company has exploration and production acreage in Australia. Its operations are concentrated on core asset hubs such as Cooper Basin, Queensland and New South Wales, Papua New Guinea, Northern Australia and Timor-Leste, and Western Australia. Santos owns the related infrastructure and carries out the transportation and marketing of hydrocarbons. Its products include natural gas, ethane, condensate, methane, coal seam gas, liquefied natural gas (LNG) and crude oil. The company supplies its products to homes, businesses, and major industries across Australia and Asia. Santos is headquartered in Adelaide, South Australia, Australia.
For more details on the Watkins Conventional Oil Field, buy the profile here.