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December 6, 2021updated 27 Apr 2022 12:37pm

Eagle Ford (CNOOC Limited) TX Unconventional Oil Field, US

By Carmen

Eagle Ford (CNOOC Limited) TX is a producing unconventional oil field located onshore the US and is operated by CNOOC.

Field participation details

The field is owned by China National Offshore Oil.


Production from Eagle Ford (CNOOC Limited) TX

The Eagle Ford (CNOOC Limited) TX unconventional oil field recovered 37.96% of its total recoverable reserves, with peak production expected in 2023. The peak production will approximately 78.25 thousand bpd of crude oil and condensate, 288 Mmcfd of natural gas and 5.96 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2043.


Remaining recoverable reserves

The field is expected to recover 310.63 Mmboe, comprised of 180.14 Mmbbl of crude oil & condensate, 652.1 bcf of natural gas reserves and 21.8 Mmbbl of natural gas liquid reserves. Eagle Ford (CNOOC Limited) TX unconventional oil field reserves accounts 0.38% of total remaining reserves of producing unconventional 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.

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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