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November 25, 2021updated 26 Nov 2021 5:25am

Vincent Heavy Oil Field, Australia

By Carmen

Vincent is a producing heavy oil field located in deepwater in Australia and is operated by Woodside Energy. The field is located in block WA-28-L, WA-28-P, and WA-155-P, with water depth of 1,253 feet.

An expansion project is associated with the Vincent, namely Vincent Future Development. This project is currently in the feasibility stage.

Field participation details

The field is owned by Mitsui and Woodside Petroleum.


Production from Vincent

The Vincent heavy oil field recovered 41.18% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 28.56 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2069. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 117.14 Mmboe, comprised of 117.14 Mmbbl of crude oil & condensate. Vincent heavy oil field reserves accounts 0.26% of total remaining reserves of producing heavy oil fields globally.


Contractors involved in the Vincent heavy oil field

The key contractors involved in the Vincent project as follows.

Other Contractors: Shearwater GeoServices Holding

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About Woodside Energy

Woodside Energy Ltd (Woodside Energy) is a producer of oil and natural gas. It engages in development and production of hydrocarbon and hydrocarbon products. Woodside Energy is headquartered in Perth, Western Australia, 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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