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November 22, 2021

Daqing (Petrochina) Conventional Oil Field, China

By Carmen

Daqing (Petrochina) is a producing conventional oil field located onshore China and is operated by Daqing Oilfield.

Field participation details

The field is owned by China National Petroleum.


Production from Daqing (Petrochina)

The Daqing (Petrochina) conventional oil field recovered 87.50% of its total recoverable reserves, with peak production in 1994. The peak production was approximately 1,133.82 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2042. The field currently accounts for approximately 9% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 2,588.16 Mmboe, comprised of 2,400.9 Mmbbl of crude oil & condensate and 1,123.55 bcf of natural gas reserves. Daqing (Petrochina) conventional oil field reserves accounts 0.53% of total remaining reserves of producing conventional oil fields globally.


About Daqing Oilfield

Daqing Oilfield Company Ltd (Daqing Oilfield), a subsidiary of PetroChina Company Ltd, is an oil and gas company that offers development services. The company’s business activities include exploration and development, engineering technical service, engineering construction, production guarantee, equipment manufacturing, oil and gas chemical, mechanical and electrical manufacturing, and oilfield logistic administration. Its exploration and development business includes exploration and development of crude oil and natural gas, and new energy such as oil shale, geothermal resources and coal-bed gas. Daqing Oilfield offers electro mechanical products and oil refinery chemical products. The company has operations throughout China. Daqing Oilfiled is headquartered in Daqing, 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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