Fuling is a producing unconventional gas field located onshore China and is operated by China Petroleum & Chemical. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Fuling and Yuqian Nanchuan. Buy the profile here.
Field participation details
The field is owned by China Petrochemical.
Production from Fuling
The Fuling unconventional gas field recovered 24.14% of its total recoverable reserves, with peak production expected in 2031. The peak production will approximately 751.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2056. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 903.88 Mmboe, comprised of 5,423.28 bcf of natural gas reserves. Fuling unconventional gas field reserves accounts 0.78% of total remaining reserves of producing unconventional gas fields globally.
About China Petroleum & Chemical
China Petroleum & Chemical Corp (Sinopec), a subsidiary of China Petrochemical Corporation, is a vertically integrated energy and chemical company. It operates in the oil and gas exploration and production, extraction and marketing; oil refining; and production, marketing, storage and transportation of petrochemicals, chemical fibers, chemical fertilizers and other chemical products. The company also undertakes import and export agency business of crude oil, natural gas, refined oil products, petrochemicals, chemicals, and other commodities and technologies. Its product portfolio includes refined oil products such as gasoline, diesel and jet fuel; and petrochemical products that include synthetic resin, synthetic fiber monomers and polymers, chemical fertilizer and petrochemical intermediates. Sinopec is headquartered in Beijing, China.
For more details on the Fuling Unconventional Gas Field, buy the profile here.