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November 30, 2021

Liuhua 29-1 Conventional Gas Field, China

By Carmen

Liuhua 29-1 is a producing conventional gas field located in deepwater in China and is operated by Husky Oil Operations (China). The field is located in block Block 29/26, with water depth of 2,362 feet.

Field participation details

The field is owned by Cenovus Energy and China National Offshore Oil.


Production from Liuhua 29-1

The Liuhua 29-1 conventional gas field recovered 0.80% of its total recoverable reserves, with peak production expected in 2026. The peak production will approximately 62 Mmcfd of natural gas and 2.17 thousand bpd of natural gas liquids. 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 60.19 Mmboe, comprised of 298.9 bcf of natural gas reserves and 10.37 Mmbbl of natural gas liquid reserves. Liuhua 29-1 conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.


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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