Liwan 3-1 and Liuhua 34-2 is a producing conventional gas field located in deepwater in China and is operated by Husky Energy. The field is located in block Block 29/26, with water depth of 4,264 feet.
Field participation details
The field is owned by China National Offshore Oil and Cenovus Energy.
Production from Liwan 3-1 and Liuhua 34-2
The Liwan 3-1 and Liuhua 34-2 conventional gas field recovered 33.74% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 400 Mmcfd of natural gas and 16 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2054. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 371.78 Mmboe, comprised of 1,788.02 bcf of natural gas reserves and 73.77 Mmbbl of natural gas liquid reserves. Liwan 3-1 and Liuhua 34-2 conventional gas field reserves accounts 0.13% of total remaining reserves of producing conventional gas fields globally.
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.