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November 26, 2021

Polaris/Acrux/Cassio CBM Field, Australia

By Carmen

Polaris/Acrux/Cassio is a producing cbm field located onshore Australia and is operated by QGC Upstream Holdings. The field is located in block PL 398, PL 399, and PL 1008.

Field participation details

The field is owned by Tokyo Gas, Royal Dutch Shell and China National Offshore Oil.


Production from Polaris/Acrux/Cassio

The Polaris/Acrux/Cassio cbm field recovered 27.56% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 77 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048.


Remaining recoverable reserves

The field is expected to recover 53.81 Mmboe, comprised of 322.85 bcf of natural gas reserves. Polaris/Acrux/Cassio cbm field reserves accounts 1.18% of total remaining reserves of producing cbm 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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