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November 25, 2021updated 27 Apr 2022 11:43am

Prelude Conventional Gas Field, Australia

By Carmen

Prelude is a producing conventional gas field located in shallow water in Australia and is operated by Shell Australia. The field is located in block WA-44-L, with water depth of 777 feet.

Field participation details

The field is owned by Shell, CPC, Inpex and Korea Gas.


Production from Prelude

The Prelude conventional gas field recovered 21.15% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 26.07 thousand bpd of crude oil and condensate, 8.02 thousand bpd of natural gas liquids and 473 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2037. The field currently accounts for approximately 4% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 292.92 Mmboe, comprised of 70.87 Mmbbl of crude oil & condensate, 1,205.74 bcf of liquid natural gas reserves and 21.1 Mmbbl of natural gas liquid reserves. Prelude conventional gas field reserves accounts 0.10% 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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