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December 3, 2021

Lingshui 17-2 Conventional Gas Field, China

By Carmen

Lingshui 17-2 is a producing conventional gas field located in deepwater in China and is operated by CNOOC. The field has water depth of 4,756 feet.

Field participation details

The field is owned by China National Offshore Oil.


Production from Lingshui 17-2

The Lingshui 17-2 conventional gas field with peak production expected in 2022. The peak production will approximately 4.18 thousand bpd of crude oil and condensate and 356 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049.


Remaining recoverable reserves

The field is expected to recover 513.96 Mmboe, comprised of 28.08 Mmbbl of crude oil & condensate and 2,915.26 bcf of natural gas reserves. Lingshui 17-2 conventional gas field reserves accounts 0.17% of total remaining reserves of producing conventional gas 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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