Marten Hills (Headwater Exploration Inc) AB is a producing heavy oil field located onshore Canada and is operated by Headwater Exploration.
Field participation details
The field is owned by Headwater Exploration.
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Production from Marten Hills (Headwater Exploration Inc) AB
The Marten Hills (Headwater Exploration Inc) AB heavy oil field recovered 3.57% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 15.51 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2056.
Remaining recoverable reserves
The field is expected to recover 72.78 Mmboe, comprised of 72.78 Mmbbl of crude oil & condensate. Marten Hills (Headwater Exploration Inc) AB heavy oil field reserves accounts 0.17% of total remaining reserves of producing heavy oil fields globally.
About Headwater Exploration
Headwater Exploration Inc (Headwater), formerly Corridor Resources Inc, is an oil and gas company. It is engaged in exploring, producing and developing of petroleum and natural gas products. The company’s core operating areas include McCully Field in New Brunswick, Anticosti Island in Quebec, Frederick Brook Shale in New Brunswick, and Old Harry in the Gulf of St. Lawrence. Its McCully Field is located in northeast of Sussex. Headwater has a shale gas prospect in New Brunswick, an offshore conventional hydrocarbon prospect in the Gulf of St. Lawrence. The company owns and operates a pipeline, a natural gas processing facility, and a gathering system. It has operations in New Brunswick, Alberta, and Nova Scotia, Canada. Headwater is headquartered in Halifax, Nova Scotia, Canada.
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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