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April 28, 2022

15/33 Conventional Oil Field, China

By Carmen

15/33 is a conventional oil development located in shallow water in China and is operated by China National Offshore Oil. Discovered in 2018, 15/33 lies in block Block 15/33, with water depth of around 328 feet.

The project is currently in feasibility stage and is expected to start commercial production in 2024.

Field participation details

The field is owned by China National Offshore Oil and Cenovus Energy.


Production from 15/33

Production from the 15/33 conventional oil development project is expected to begin in 2024 and is forecast to peak in 2026, to approximately 17,988 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2069.


Remaining recoverable reserves

The field is expected to recover 98.17 Mmboe, comprised of 98.17 Mmbbl of crude oil & condensate.


About China National Offshore Oil

China National Offshore Oil Corp (CNOOC), is an energy company that carries out exploration, development and production of crude oil and natural gas. It also offers engineering and technical services, including oilfield, offshore oil engineering, and professional services. It also carries out the production and sale of petrochemical products and fertilizers; operation of liquefied natural gas (LNG) receiving terminals and natural gas pipelines; natural gas liquefaction and distribution activities; and power generation. The company provides financial services, including finance leasing services. It is a state-owned company operating under the Assets Supervision and Administration Commission. CNOOC is headquartered in Beijing, China.

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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