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December 2, 2021updated 27 Apr 2022 11:52am

Perla Conventional Gas Field, Venezuela

By Carmen

Perla is a producing conventional gas field located in shallow water in Venezuela and is operated by Cardon IV. The field is located in block Cardon-4, with water depth of 230 feet.

An expansion project is associated with the Perla, namely Perla Phase II. This project is currently in the feasibility stage.

Field participation details

The field is owned by Repsol and Eni.


Production from Perla

The Perla conventional gas field recovered 57.93% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 533 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2029. The field currently accounts for approximately 8% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 103.11 Mmboe, comprised of 618.65 bcf of natural gas reserves. Perla conventional gas field reserves accounts 0.04% of total remaining reserves of producing conventional gas fields globally.


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.

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