Luda 29-1 is a producing conventional oil field located in shallow water in China and is operated by CNOOC. 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 Offshore Oil.
Production from Luda 29-1
The Luda 29-1 conventional oil field recovered 10.05% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 5.89 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2070.
Remaining recoverable reserves
The field is expected to recover 30.09 Mmboe, comprised of 30.09 Mmbbl of crude oil & condensate. Luda 29-1 conventional oil field reserves accounts 0.01% 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.
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