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November 25, 2021updated 27 Apr 2022 12:05pm

Karamay Conventional Oil Field, China

By Carmen

Karamay is a producing conventional oil field located onshore China and is operated by Kunlun Energy.

Field participation details

The field is owned by Others and China National Petroleum.


Production from Karamay

The Karamay conventional oil field recovered 72.56% of its total recoverable reserves, with peak production in 2000. The peak production was approximately 16.86 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046.


Remaining recoverable reserves

The field is expected to recover 39.96 Mmboe, comprised of 39.96 Mmbbl of crude oil & condensate. Karamay conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Kunlun Energy

Kunlun Energy Co Ltd (Kunlun), a subsidiary of PetroChina Company Ltd, is an integrated oil and gas company that explores and produces crude oil and natural gas. It also carries out storage, processing, and transportation of liquefied natural gas (LNG), power generation and sale of liquefied petroleum gas (LPG). The company’s major projects include Beijing Shunyi and Ningxia Wuzhong Taiyang Mountain Development Zone Projects and Shandong Anqiu Gas Project among others. Kunlun operates LNG terminals, storage and LNG plants in Mongolia, Xinjiang, Hainan, Shaanxi, Sichuan, Qinghai, Taian Hebei, and others. The company has its upstream operations in Kazakhstan, Oman, Azerbaijan, China, Peru and Thailand. Kunlun is headquartered in Hong Kong.

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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