Panzhuang is a producing cbm field located onshore China and is operated by Asian American Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Panzhuang (CBM). Buy the profile here.
Field participation details
The field is owned by AAG Energy Holdings and China National Offshore Oil.
Production from Panzhuang
The Panzhuang cbm field recovered 26.40% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 116.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2067.
Remaining recoverable reserves
The field is expected to recover 98.07 Mmboe, comprised of 588.42 bcf of natural gas reserves. Panzhuang cbm field reserves accounts 2.38% of total remaining reserves of producing cbm fields globally.
About Asian American Gas
For more details on the Panzhuang CBM Field, buy the profile here.
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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.
