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December 8, 2021updated 27 Apr 2022 12:51pm

Spring Gully East CBM Field, Australia

By Carmen

Spring Gully East is a producing cbm field located onshore Australia and is operated by Origin Energy. The field is located in block PL 417.

Field participation details

The field is owned by China Petrochemical, ConocoPhillips and Origin Energy.


Production from Spring Gully East

The Spring Gully East cbm field recovered 30.68% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 32 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2055.


Remaining recoverable reserves

The field is expected to recover 22.21 Mmboe, comprised of 133.26 bcf of natural gas reserves. Spring Gully East cbm field reserves accounts 0.52% of total remaining reserves of producing cbm fields globally.


About Origin Energy

Origin Energy Ltd (Origin Energy) is an integrated energy company, which generates, supplies and distributes electricity; explores for and develops natural gas reserves; and produces and sells gas. The company generates electricity from natural-gas fired, coal-fired, wind, solar, pumped water storage and cogeneration plants. It supplies electricity, liquefied petroleum gas (LPG) and natural gas to residential, commercial and industrial customers. The company’s gas exploration and production portfolio includes interests in basins in Australia, New Zealand and Vietnam. It owns and operates natural gas production plants in Australia and New Zealand. The company has operations in Australia, New Zealand, Vietnam, Chile and Indonesia. Origin Energy is headquartered in Sydney, New South Wales, Australia.

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.

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