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.
Smarter leaders trust GlobalData
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 51.27% of its total recoverable reserves, with peak production in 2010. 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.
About CNOOC
CNOOC Ltd (CNOOC), a subsidiary of China National Offshore Oil Corp, is an upstream oil and gas company. The company's primary activities involve the exploration, development, production, and sale of crude oil and natural gas. It operates through various oil and gas fields, including Bohai, Western South China Sea, Eastern South China Sea, and East China Sea. CNOOC's products are primarily used in the energy industry, providing essential resources for various sectors. The company has a significant presence in China and holds interests in oil and gas projects in multiple countries and regions worldwide, including Indonesia, Australia, Nigeria, Iraq, Uganda, Argentina, the US, Canada, the UK, Brazil, Guyana, and the UAE. CNOOC is headquartered in Beijing, China.
For more details on the Peng Lai 19-3,19-9,25-6 Conventional Oil Field, buy the profile here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
