Peat is a producing cbm field located onshore Australia and is operated by Origin Energy. The field is located in block PL 101.
Field participation details
The field is owned by China Petrochemical, Origin Energy and ConocoPhillips.
Production from Peat
The Peat cbm field recovered 71.21% of its total recoverable reserves, with peak production in 2003. The peak production was approximately 14 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040.
Remaining recoverable reserves
The field is expected to recover 4.24 Mmboe, comprised of 25.41 bcf of natural gas reserves. Peat cbm field reserves accounts 0.10% of total remaining reserves of producing cbm fields globally.
About Origin Energy
Origin Energy Ltd (Origin Energy) is an integrated energy company, which generates, supplies and distributes electricity; explores for and develops natural gas reserves; and produces and sells gas. The company generates electricity from natural-gas fired, coal-fired, wind, solar, pumped water storage and cogeneration plants. It supplies electricity, liquefied petroleum gas (LPG) and natural gas to residential, commercial and industrial customers. The company’s gas exploration and production portfolio includes interests in basins in Australia, New Zealand and Vietnam. It owns and operates natural gas production plants in Australia and New Zealand. The company has operations in Australia, New Zealand, Vietnam, Chile and Indonesia. Origin Energy is headquartered in Sydney, New South Wales, Australia.
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.