Lufeng 12-3 is a producing conventional oil field located in shallow water in China and is operated by SK Innovation. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 17/03, with water depth of 787 feet. Buy the profile here.
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Field participation details
The field is owned by China National Offshore Oil and SK Innovation.
Production from Lufeng 12-3
The Lufeng 12-3 conventional oil field recovered 1.00% of its total recoverable reserves, with peak production expected in 2025. Based on economic assumptions, production will continue until the field reaches its economic limit in 2081.
About SK Innovation
SK Innovation Co Ltd (SK Innovation) is an integrated energy and materials company. The company's main activities include oil exploration and development, petrochemical product production, and the expansion of its eco-friendly portfolio through continuous investment in the battery and material sectors. SK Innovation's major products and services include eco-friendly and high-performance gasoline, diesel, kerosene, aviation fuel, naphtha, chemical products, green lube base oil, automobile engine lubricants, and batteries for electric vehicles. Its products and services find applications across various industries, including the automotive, energy, and chemical sectors. SK Innovation sells its products through various channels, including direct sales outlets, gas stations, and intermediary dealers. The company operates globally, with a significant presence in the Middle East, the US, Europe, and China. SK Innovation is headquartered in Seoul, South Korea.
For more details on the Lufeng 12-3 Conventional Oil Field, buy the profile here.
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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.
