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  1. Market Data
May 6, 2022

Spring Gully (PL 195) CBM Field, Australia

By Carmen

Spring Gully (PL 195) is a producing cbm field located onshore Australia and is operated by Origin Energy. The field is located in block PL 195.

Field participation details

The field is owned by China Petrochemical, Origin Energy, ConocoPhillips, Tri-Star Petroleum, AGL Energy and Santos.


Production from Spring Gully (PL 195)

The Spring Gully (PL 195) cbm field recovered 70.09% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 94 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039.


Remaining recoverable reserves

The field is expected to recover 19.34 Mmboe, comprised of 116.04 bcf of natural gas reserves. Spring Gully (PL 195) cbm field reserves accounts 0.46% 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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