Tarantula is a producing conventional gas field located onshore Australia and is operated by Beach Energy. The field is located in block L 11.
Field participation details
The field is owned by Beach Energy and Mitsui.
Production from Tarantula
The Tarantula conventional gas field recovered 79.03% of its total recoverable reserves, with peak production in 2006. The peak production was approximately 0.03 thousand bpd of crude oil and condensate and 11 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036.
Remaining recoverable reserves
The field is expected to recover 0.76 Mmboe, comprised of 0.01 Mmbbl of crude oil & condensate and 4.49 bcf of natural gas reserves.
About Beach Energy
Beach Energy Ltd (Beach) is an independent upstream oil and gas company. It carries out the exploration, development, production, processing and transportation of crude oil and natural gas. Beach’s asset portfolio includes ownership interests in oil and gas infrastructure, including the Moomba processing facility and Otway Gas plant and a suite of high potential exploration prospects. The company’s producing assets include Cooper, offshore Otway and Bass basins. It also has permits in the onshore Otway, Bonaparte, Browse, Taranaki and the Canterbury basins. Beach is headquartered in Adelaide, South Australia, Australia.
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.