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November 22, 2021

Caofeidian (CFD) 11-6/12-1/12-1S Conventional Oil Field, China

By Carmen

Caofeidian (CFD) 11-6/12-1/12-1S is a producing conventional oil field located in shallow water in China and is operated by CNOOC. The field is located in block Block 05/36.

An expansion project is associated with the Caofeidian (CFD) 11-6/12-1/12-1S, namely Caofeidian 11-6 Oil Field Expansion. This project is currently in the commissioning stage, expected to start in 2021.

Field participation details

The field is owned by China National Offshore Oil, Brightoil Petroleum (Holdings) and China National Petroleum.


Production from Caofeidian (CFD) 11-6/12-1/12-1S

The Caofeidian (CFD) 11-6/12-1/12-1S conventional oil field recovered 67.56% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 29.14 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2042.


Remaining recoverable reserves

The field is expected to recover 50.58 Mmboe, comprised of 50.58 Mmbbl of crude oil & condensate. Caofeidian (CFD) 11-6/12-1/12-1S conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About CNOOC

CNOOC Ltd (CNOOC), a subsidiary of China National Offshore Oil Corp, is an upstream oil and gas company. It carries out the exploration, development, production, and sale of crude oil and natural gas. The company operates major oil fields in Bohai, Western South China Sea, Eastern South China Sea, and the East China Sea. It operates either independently or in cooperation with foreign partners through production sharing contracts. In overseas, the company holds interests in oil and natural gas blocks in Asia-Pacific, Europe, Middle East and Africa, and the Americas. CNOOC is headquartered in Beijing City, Beijing, China.

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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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