Liuhua 16-2/20-2 Joint Development Project is a producing conventional oil 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 1,312 feet. Buy the profile here.
Field participation details
The field is owned by China National Offshore Oil.
Production from Liuhua 16-2/20-2 Joint Development Project
The Liuhua 16-2/20-2 Joint Development Project conventional oil field recovered 15.28% of its total recoverable reserves, with peak production in 2022. The peak production was approximately 72.84 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2053. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 279.76 Mmboe, comprised of 279.76 Mmbbl of crude oil & condensate. Liuhua 16-2/20-2 Joint Development Project conventional oil field reserves accounts 0.06% of total remaining reserves of producing conventional oil 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.
For more details on the Liuhua 16-2/20-2 Joint Development Project Conventional Oil Field, buy the profile here.