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December 8, 2021updated 27 Apr 2022 12:08pm

Pyrenees Conventional Oil Field, Australia

By Carmen

Pyrenees is a producing conventional oil field located in shallow water in Australia and is operated by BHP Petroleum (Australia). The field is located in block WA-42-L, WA-43-L, and WA-155-P, with water depth of 697 feet.

An expansion project is associated with the Pyrenees, namely Pyrenees Phase 4 . This project is currently in the construction stage, expected to start in 2023.

Field participation details

The field is owned by BHP and Santos.


Production from Pyrenees

The Pyrenees conventional oil field recovered 93.82% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 67 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.


Remaining recoverable reserves

The field is expected to recover 8.62 Mmboe, comprised of 8.62 Mmbbl of crude oil & condensate.


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.

Related Companies

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