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 petrochemical company. It engages in crude oil and natural gas exploration and production, as well as transportation of crude oil. The company is involved in refining operations and the production of oil products, including gasoline and diesel. Through its subsidiaries, SK Innovation also produces a wide range of petrochemicals, including basic chemicals, high-performance chemicals, and lubricants. The company sells its products to customers both domestically and internationally. It has its major operation in Europe and Asia. SK Innovation is headquartered in Seoul, South Korea.

For more details on the Lufeng 12-3 Conventional Oil Field, buy the profile here.

This content was updated on 7 February 2024

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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.