Ruby is a producing conventional oil field located in shallow water in Trinidad and Tobago and is operated by BHP Billiton (Trinidad-3A). The field is located in block Block 3 (a), with water depth of 213 feet.
Field participation details
The field is owned by The National Gas Company of Trinidad and Tobago and BHP.
Production from Ruby
The Ruby conventional oil field recovered 4.27% of its total recoverable reserves, with peak production expected in 2023. The peak production will approximately 15.22 thousand bpd of crude oil and condensate and 78 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2066. The field currently accounts for approximately 3% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 144.64 Mmboe, comprised of 88.18 Mmbbl of crude oil & condensate and 338.75 bcf of natural gas reserves. Ruby conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil 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.