The Tapis crude oil field is located in the South China Sea, approximately 55 kilometers off the coast of Johor, Malaysia. It's one of the largest oil fields in the region.
The field is operated by PETRONAS, Malaysia's national oil company, in partnership with Shell. The partnership was formed in 1976 and has been producing oil from the field since 1978.
The Tapis field is a significant contributor to Malaysia's oil production, with an estimated 2.2 billion barrels of oil in place.
Data Insights
Tapis crude is a vital component of the global energy market. The field is owned by Exxon Mobil and Petroliam Nasional.
The Tapis conventional oil field recovered 96.94% of its total recoverable reserves, with peak production in 1980. Production will continue until the field reaches its economic limit in 2030.
The field currently accounts for approximately 1% of the country's daily output. Tapis's density is 45.5-degrees API with a 0.1-percent sulfur content.
Here's a breakdown of the field's key statistics:
- Peak production: 1980
- Economic limit: 2030
- Daily output contribution: 1%
- Density: 45.5-degrees API
- Sulfur content: 0.1%
Data Coverage
In this article, we'll be diving into the data coverage of the market, which is essential for making informed decisions. The data coverage includes the global market volume and value.
We'll also be looking at per capita consumption, which gives us a better understanding of how the market is performing on a personal level. For example, if the per capita consumption is high, it may indicate a strong demand for the product.
The forecast of the market dynamics in the medium term is also included in the data coverage. This gives us an idea of what to expect from the market in the future, and helps us plan accordingly.
Global production, split by region and country, is another important aspect of the data coverage. This information helps us understand where the market is strongest and where there may be opportunities for growth.
Global trade, including exports and imports, is also covered. This information can help us identify trends and patterns in the market, and make informed decisions about our own business.
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We'll also be looking at export and import prices, which can have a significant impact on the market. For instance, if export prices are high, it may make the product more expensive for consumers.
Here's a breakdown of the data coverage in a list format:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
By having access to this data, we can make more informed decisions and stay ahead of the curve.
Data Insights Field
The Tapis Field is a remarkable example of a well-managed oil field, with a recovery rate of 96.94% of its total recoverable reserves.
This impressive figure is a testament to the expertise of Exxon Mobil and Petroliam Nasional, the field's owners, who have carefully managed the field's production over the years.
The Tapis Field reached its peak production in 1980, and based on economic assumptions, production will continue until the field reaches its economic limit in 2030.
The field currently accounts for approximately 1% of the country's daily output, making it a significant contributor to the country's energy needs.
ExxonMobil Exploration and Production Malaysia Inc, the subsidiary of Exxon Mobil Corp responsible for the field, is headquartered in Kuala Lumpur, Malaysia.
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