CNOOC Fields China 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 has water depth of 3,280 feet. Buy the profile here.
Four expansion projects are associated with the CNOOC Fields China conventional oil field, namely the Luda 27-2 Development, the Luda 4-2 Development, the Shenfu South and the Lingshui 25-1. The expansion projects are currently in the feasibility, commissioning and construction stage.
Field participation details
The field is owned by China National Offshore Oil.
Production from CNOOC Fields China
The CNOOC Fields China conventional oil field recovered 68.82% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 368.52 thousand bpd of crude oil and condensate and 417.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 4% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,042.37 Mmboe, comprised of 1,019.08 Mmbbl of crude oil & condensate and 139.74 bcf of natural gas reserves. CNOOC Fields China conventional oil field reserves accounts 0.23% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the CNOOC Fields China conventional oil field
Some of the key contractors involved in the CNOOC Fields China project as follows.
Other Contractors: Haimo Technology (Group) and Shanghai Qinghe Machinery
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 CNOOC Fields China Conventional Oil Field, buy the profile here.