Changqing (PetroChina) is a producing conventional oil field located onshore China and is operated by PetroChina Changqing Oilfield. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.

An expansion project is associated with the Changqing (PetroChina), namely the Changqing (PetroChina) Development. This project is currently in the feasibility stage, expected to start in 2025.

Field participation details

The field is owned by China National Petroleum.

Production from Changqing (PetroChina)

The Changqing (PetroChina) conventional oil field recovered 31.19% of its total recoverable reserves, with peak production expected in 2040. The peak production will approximately 525.00 thousand bpd of crude oil and condensate and 2,050.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2065. The field currently accounts for approximately 11% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 8,981.74 Mmboe, comprised of 5,474.17 Mmbbl of crude oil & condensate and 21,045.37 bcf of natural gas reserves. Changqing (PetroChina) conventional oil field reserves accounts 1.99% of total remaining reserves of producing conventional oil fields globally.

Contractors involved in the Changqing (PetroChina) conventional oil field

Some of the key contractors involved in the Changqing (PetroChina) project as follows.

Other Contractors: Anton Oilfield Services Group and Jereh Group

For more details on the Changqing (PetroChina) Conventional Oil Field, buy the profile here.

GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.