Vega Pleyade is a producing conventional gas field located in shallow water in Argentina and is operated by Total Austral. The field is located in block Cuenca Marina Austral 1, with water depth of 233 feet.
Field participation details
The field is owned by TotalEnergies, China National Offshore Oil, Bridas Energy Holdings, LetterOne Holdings, BASF and BP.
Production from Vega Pleyade
The Vega Pleyade conventional gas field recovered 45.51% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 1.3 thousand bpd of crude oil and condensate, 289 Mmcfd of natural gas and 0.28 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 97.26 Mmboe, comprised of 1.44 Mmbbl of crude oil & condensate, 565.5 bcf of natural gas reserves and 1.57 Mmbbl of natural gas liquid reserves. Vega Pleyade conventional gas field reserves accounts 0.03% of total remaining reserves of producing conventional gas fields globally.
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.