Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
December 2, 2021

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 BP, China National Offshore Oil and Bridas Energy Holdings.


Production from Valle Hermoso

The Valle Hermoso conventional oil field recovered 69.12% 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 2037. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 58.06 Mmboe, comprised of 18.15 Mmbbl of crude oil & condensate, 236.23 bcf of natural gas reserves and 0.54 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.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager
Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU