Peng Lai 19-3,19-9,25-6 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, the field is located in block Block 11/05, with water depth of 75 feet. Buy the profile here.
An expansion project is associated with the Peng Lai 19-3,19-9,25-6, namely the Bohai Phase 5. This project is currently in the feasibility stage, expected to start in 2025.
Field participation details
The field is owned by China National Offshore Oil and ConocoPhillips.
Production from Peng Lai 19-3,19-9,25-6
The Peng Lai 19-3,19-9,25-6 conventional oil field recovered 47.61% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 114.29 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 497.72 Mmboe, comprised of 497.72 Mmbbl of crude oil & condensate. Peng Lai 19-3,19-9,25-6 conventional oil field reserves accounts 0.11% 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 Peng Lai 19-3,19-9,25-6 Conventional Oil Field, buy the profile here.