Field participation details
The field is owned by QatarEnergy and Shell .
Production from Pearl
The Pearl conventional gas field recovered 31.24% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 55.31 thousand bpd of crude oil and condensate and 1,198 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2073. The field currently accounts for approximately 5% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,901.14 Mmboe, comprised of 459.31 Mmbbl of crude oil & condensate and 8,650.98 bcf of natural gas reserves. Pearl conventional gas field reserves accounts 0.65% of total remaining reserves of producing conventional gas fields globally.
Shell plc (Shell ), formerly Royal Dutch Shell Plc, is an integrated oil and gas company. The company explores for and produces oil and gas from conventional fields and sources such as tight rock, shale and coal formations. It operates refining and petrochemical complexes across the world. Shell ’s product offerings include lubricants, bitumen and liquefied petroleum gas; and petrochemical products such as raw materials for plastics, coatings and detergents. The company is a major producer of biofuel in Brazil. It also has interests in various liquefied natural gas (LNG) and gas to liquids (GTL) projects. The company markets its products directly and indirectly through distributors in Europe, Asia, Oceania, Africa, North America and South America. Shell is headquartered in London, the UK.
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.