Daqing (PetroChina) is a producing conventional oil field located onshore China and is operated by Daqing 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 Daqing (PetroChina), namely the Daqing (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 Daqing (PetroChina)
The Daqing (PetroChina) conventional oil field recovered 87.23% of its total recoverable reserves, with peak production in 1994. The peak production was approximately 1,133.82 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046. The field currently accounts for approximately 9% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 2,722.00 Mmboe, comprised of 2,562.44 Mmbbl of crude oil & condensate and 957.41 bcf of natural gas reserves. Daqing (PetroChina) conventional oil field reserves accounts 0.60% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the Daqing (PetroChina) conventional oil field
The key contractors involved in the Daqing (PetroChina) project as follows.
Other Contractors: Schlumberger
About Daqing Oilfield
Daqing Oilfield Company Ltd (Daqing Oilfield), a subsidiary of PetroChina Company Ltd, is an oil and gas company that offers development services. The company's business activities include exploration and development, engineering technical service, engineering construction, production guarantee, equipment manufacturing, oil and gas chemical, mechanical and electrical manufacturing, and oilfield logistic administration. Its exploration and development business includes exploration and development of crude oil and natural gas, and new energy such as oil shale, geothermal resources and coal-bed gas. Daqing Oilfield offers electro mechanical products and oil refinery chemical products. The company has operations throughout China. Daqing Oilfiled is headquartered in Daqing, China.
For more details on the Daqing (PetroChina) Conventional Oil Field, buy the profile here.