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May 17, 2022

Spanish Lookout Conventional Oil Field, Belize

By Carmen

Spanish Lookout is a producing conventional oil field located onshore Belize and is operated by Belize Natural Energy. The field is located in block 211/L (Spanish Lookout), 211/J (Spanish Lookout), 192/Y (Spanish Lookout), 211/N (Spanish Lookout), 211/E, 211/I, 212/A (Spanish lookout), 193/U (Spanish Lookout), 211/H, 192/X (Spanish Lookout), 211/C (Spanish Lookout), 211/M (Spanish Lookout), 211/B (Spanish Lookout), 211/D, and 211/G (Spanish Lookout).

Field participation details

The field is owned by International Natural Energy.


Production from Spanish Lookout

The Spanish Lookout conventional oil field recovered 91.91% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 4.39 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 99% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 1.08 Mmboe, comprised of 1.08 Mmbbl of crude oil & condensate.


About Belize Natural Energy

Belize Natural Energy Ltd, is an oil exploration company.

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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