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December 2, 2021updated 27 Apr 2022 1:01pm

Valle Hermoso Conventional Oil Field, Argentina

By Carmen

Valle Hermoso is a producing conventional oil field located onshore Argentina and is operated by Pan American Energy (Sucursal Argentina). The field is located in block Anticlinal Grande – Cerro Dragon.

Field participation details

The field is owned by China National Offshore Oil, Bridas Energy Holdings and BP.


Production from Valle Hermoso

The Valle Hermoso conventional oil field recovered 78.27% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 13.2 thousand bpd of crude oil and condensate and 65 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2031. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 37.79 Mmboe, comprised of 10.41 Mmbbl of crude oil & condensate, 161.77 bcf of natural gas reserves and 0.42 Mmbbl of natural gas liquid reserves. Valle Hermoso conventional oil field reserves accounts 0.01% 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.

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