Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
December 8, 2021

Liuhua 11-1 Conventional Oil Field, China

By Carmen

Liuhuan 11-1 is a producing conventional oil field located in deepwater in China and is operated by CNOOC. The field has water depth of 1,017 feet.

Field participation details

The field is owned by China National Offshore Oil.


Production from Liuhuan 11-1

The Liuhuan 11-1 conventional oil field recovered 85.55% of its total recoverable reserves, with peak production in 1999. The peak production was approximately 47.14 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2035.


Remaining recoverable reserves

The field is expected to recover 24.68 Mmboe, comprised of 24.68 Mmbbl of crude oil & condensate. Liuhuan 11-1 conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional 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.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU