Lufeng 7-2 is a producing conventional oil field located in shallow water in China and is operated by Ovintiv Exploration.
Field participation details
The field is owned by Ovintiv and China National Offshore Oil.
Production from Lufeng 7-2
The Lufeng 7-2 conventional oil field recovered 56.49% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 25.64 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045.
Remaining recoverable reserves
The field is expected to recover 29.33 Mmboe, comprised of 29.33 Mmbbl of crude oil & condensate. Lufeng 7-2 conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
About Ovintiv Exploration
Newfield Exploration Co (Newfield) is an independent upstream company.
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.