Pennington is a producing conventional oil field located onshore Australia and is operated by Beach Energy. The field is located in block PPL 261 and PRL 163.
Field participation details
The field is owned by Beach Energy.
Production from Pennington
The Pennington conventional oil field recovered 91.94% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 1.16 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2027.
Remaining recoverable reserves
The field is expected to recover 0.12 Mmboe, comprised of 0.12 Mmbbl of crude oil & condensate.
About Beach Energy
Beach Energy Ltd (Beach) is an independent upstream oil and gas company. It carries out the exploration, development, production, processing and transportation of crude oil and natural gas. Beach’s asset portfolio includes ownership interests in oil and gas infrastructure, including the Moomba processing facility and Otway Gas plant and a suite of high potential exploration prospects. The company’s producing assets include Cooper, offshore Otway and Bass basins. It also has permits in the onshore Otway, Bonaparte, Browse, Taranaki and the Canterbury basins. Beach is headquartered in Adelaide, South Australia, 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.