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November 30, 2021updated 27 Apr 2022 12:28pm

Jiangsu Conventional Oil Field, China

By Carmen

Jiangsu is a producing conventional oil field located onshore China and is operated by SINOPEC Jiangsu Oilfield .

Field participation details

The field is owned by China Petrochemical.


Production from Jiangsu

The Jiangsu conventional oil field recovered 97.43% of its total recoverable reserves, with peak production in 2004. The peak production was approximately 37 thousand bpd of crude oil and condensate and 5 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2062.


Remaining recoverable reserves

The field is expected to recover 5.55 Mmboe, comprised of 33.32 bcf of natural gas reserves.


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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