Liaohe is a producing heavy oil field located onshore China and is operated by PetroChina. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.
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Field participation details
The field is owned by China National Petroleum.
Production from Liaohe
The Liaohe heavy oil field recovered 62.01% of its total recoverable reserves, with peak production in 1995. Based on economic assumptions, production will continue until the field reaches its economic limit in 2062. The field currently accounts for approximately 3% of the country’s daily output.
About PetroChina
PetroChina Co Ltd (PetroChina), a subsidiary of China National Petroleum Corp, is an oil and gas company. It explores, develops, transmits, produces, and sells crude oil and natural gas; refines crude oil and petroleum products; and produces and sells basic and derivative chemical products and others. The company also carries out the production and marketing of primary petrochemical products. It also markets and trades refined products; and transmits natural gas, crude oil, and refined products through pipelines. The company’s exploration basins include Songliao, Ordos, Tarim, Junggar, Sichuan and Bohai Bay. The company has an operational presence in China, Kazakhstan, Hong Kong, Singapore, Oman, Peru, Thailand, and Azerbaijan. PetroChina is headquartered in Beijing, China.
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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.
