Psyche is a producing conventional gas field located onshore Australia and is operated by Santos. The field is located in block PL 150.
Field participation details
The field is owned by Santos and Beach Energy.
Production from Psyche
The Psyche conventional gas field recovered 92.86% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 0.04 thousand bpd of crude oil and condensate, 10 Mmcfd of natural gas and 0.1 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2031.
Remaining recoverable reserves
The field is expected to recover 0.46 Mmboe, comprised of 0.02 Mmbbl of crude oil & condensate, 2.32 bcf of natural gas reserves and 0.05 Mmbbl of natural gas liquid reserves.
Santos Ltd (Santos) is an oil and natural gas company. Its activities include onshore, offshore, and liquefied natural gas (LNG) projects. The company has exploration and production acreage in Australia. Its operations are concentrated on core asset hubs such as Cooper Basin, Queensland and New South Wales, Papua New Guinea, Northern Australia and Timor-Leste, and Western Australia. Santos owns the related infrastructure and carries out transportation and marketing of hydrocarbons. Its products include natural gas, ethane, condensate, methane, coal seam gas, liquefied natural gas (LNG) and crude oil. The company supplies its products to homes, businesses, and major industries across Australia and Asia. Santos 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.