View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
November 24, 2021updated 27 Apr 2022 12:21pm

Ruby Conventional Oil Field, Trinidad and Tobago

By Carmen

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology