West Seahorse is a conventional oil development located in shallow water in Australia and is operated by Carnarvon Hibiscus. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, West Seahorse was discovered in 1981, lies in block VIC/P57 and VIC/RL17, with water depth of around 131 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2025. The development cost is expected to be $241 m. The West Seahorse conventional oil development will involve the drilling of approximately two wells and includes FSO and mobile offshore production unit (MOPU)s.
Field participation details
The field is owned by Hibiscus Petroleum.
Production from West Seahorse
Production from the West Seahorse conventional oil development project is expected to begin in 2025 and is forecast to peak in 2026, to approximately 8,291 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2055.
Remaining recoverable reserves
The field is expected to recover 12.25 Mmboe, comprised of 12.25 Mmbbl of crude oil & condensate.
Contractors involved in the West Seahorse conventional oil field
Some of the key contractors involved in the West Seahorse project as follows.
Design/FEED Engineering: Worley
Other Contractors: Acteon Group
For more details on the West Seahorse 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.
