Poseidon is a producing conventional gas field located in shallow water in Spain and is operated by Repsol Investigaciones Petroliferas. The field is located in block Poseidon Sur and Poseidon Norte.
Field participation details
The field is owned by Repsol.
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Production from Poseidon
The Poseidon conventional gas field recovered 99.64% of its total recoverable reserves, with peak production in 2002. The peak production was approximately 49 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2023. The field currently accounts for approximately 9% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 0.05 Mmboe, comprised of 0.29 bcf of natural gas reserves.
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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