Karamay is a producing conventional oil field located onshore China and is operated by Kunlun Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.
Field participation details
The field is owned by China National Petroleum.
Production from Karamay
The Karamay conventional oil field recovered 72.40% of its total recoverable reserves, with peak production in 2000. The peak production was approximately 16.86 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2057.
Remaining recoverable reserves
The field is expected to recover 43.02 Mmboe, comprised of 43.02 Mmbbl of crude oil & condensate. Karamay conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
About Kunlun Energy
Kunlun Energy Co Ltd (Kunlun), a subsidiary of PetroChina Company Ltd, is an integrated oil and gas company that explores and produces crude oil and natural gas. It also carries out storage, processing, and transportation of liquefied natural gas (LNG), power generation and sale of liquefied petroleum gas (LPG). The company’s major projects include Beijing Shunyi and Ningxia Wuzhong Taiyang Mountain Development Zone Projects and Shandong Anqiu Gas Project among others. Kunlun operates LNG terminals, storage and LNG plants in Mongolia, Xinjiang, Hainan, Shaanxi, Sichuan, Qinghai, Taian Hebei, and others. The company has its upstream operations in Kazakhstan, Oman, Azerbaijan, China, Peru and Thailand. Kunlun is headquartered in Hong Kong.
For more details on the Karamay Conventional Oil Field, buy the profile here.
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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.
