Changning-Weiyuan is a producing unconventional gas field located onshore China and is operated by China National Petroleum.
Field participation details
The field is owned by China National Petroleum.
Production from Changning-Weiyuan
The Changning-Weiyuan unconventional gas field recovered 8.67% of its total recoverable reserves, with peak production expected in 2026. The peak production will approximately 1,468 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2061. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,582.84 Mmboe, comprised of 9,497.05 bcf of natural gas reserves. Changning-Weiyuan unconventional gas field reserves accounts 1.25% of total remaining reserves of producing unconventional gas fields globally.
About China National Petroleum
China National Petroleum Corp (CNPC) is an integrated energy company with operations covering the entire oil and gas industry value chain. Its businesses encompass oil and gas exploration and development, refining and chemicals, marketing and trading, natural gas and pipelines. The company produces equipment for exploration and production, oilfield services, pipeline construction, refining and chemical processing, and offshore engineering. CNPC also designs and constructs oil and gas field production facilities, pipeline, storage tank, refinery and chemical plant, and offshore engineering. It provides services in geophysical prospecting, drilling, well logging, mud logging and downhole operations. The company also has presence in new energy development, capital management, finance and insurance service sectors. CNPC is headquartered in Beijing, China.
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.