Lingshui 17-2 is a producing conventional gas field located in deepwater 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 4,756 feet. Buy the profile here.
Field participation details
The field is owned by China National Offshore Oil.
Production from Lingshui 17-2
The Lingshui 17-2 conventional gas field recovered 6.08% of its total recoverable reserves, with peak production in 2022. The peak production was approximately 4.18 thousand bpd of crude oil and condensate and 356.00 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 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 481.39 Mmboe, comprised of 26.00 Mmbbl of crude oil & condensate and 2,732.35 bcf of natural gas reserves. Lingshui 17-2 conventional gas field reserves accounts 0.16% of total remaining reserves of producing conventional gas fields globally.
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.
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