Pargo is a producing conventional oil field located in shallow water in Brazil and is operated by Perenco Petroleo e Gas do Brasil. The field is located in block PG (Pargo), with water depth of 328 feet.
Field participation details
The field is owned by Perenco Holdings.
Production from Pargo
The Pargo conventional oil field recovered 84.53% of its total recoverable reserves, with peak production in 1990. The peak production was approximately 19.46 thousand bpd of crude oil and condensate and 1 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2037.
Remaining recoverable reserves
The field is expected to recover 13.34 Mmboe, comprised of 13.34 Mmbbl of crude oil & condensate and 0 bcf of natural gas reserves.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.