Caofeidian 11-3 and 11-5 is a producing conventional oil field located in shallow water in China and is operated by CNOOC. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 04/36, with water depth of 98 feet. Buy the profile here.
Field participation details
The field is owned by Brightoil Petroleum (Holdings), China National Offshore Oil and China National Petroleum.
Production from Caofeidian 11-3 and 11-5
The Caofeidian 11-3 and 11-5 conventional oil field recovered 89.47% of its total recoverable reserves, with peak production in 2006. The peak production was approximately 1.71 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036.
Remaining recoverable reserves
The field is expected to recover 0.52 Mmboe, comprised of 0.52 Mmbbl of crude oil & condensate.
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.
For more details on the Caofeidian 11-3 and 11-5 Conventional Oil Field, buy the profile here.