Pyrenees is a producing conventional oil field located in shallow water in Australia and is operated by BHP Billiton 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 83.75% 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 2028.
Remaining recoverable reserves
The field is expected to recover 24.62 Mmboe, comprised of 24.62 Mmbbl of crude oil & condensate. Pyrenees conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
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.