Shunbei is a producing conventional oil field located onshore China and is operated by China Petroleum & Chemical. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.

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Field participation details

The field is owned by China Petrochemical.

Production from Shunbei

The Shunbei conventional oil field recovered 17.25% of its total recoverable reserves, with peak production expected in 2035. Based on economic assumptions, production will continue until the field reaches its economic limit in 2071.

About China Petroleum & Chemical

China Petroleum & Chemical Corp (Sinopec), a subsidiary of China Petrochemical Corporation, is an integrated energy and chemical company. It operates in the oil and gas exploration and production, extraction and marketing; oil refining; and production, marketing, storage and transportation of petrochemicals, chemical fibers, chemical fertilizers and other chemical products. The company also undertakes import and export agency business of crude oil, natural gas, refined oil products, petrochemicals, chemicals and other commodities and technologies. Its product portfolio includes refined oil products such as gasoline, diesel and jet fuel; and petrochemical products that include synthetic resin, synthetic fiber monomers and polymers, chemical fertilizer and petrochemical intermediates. Sinopec is headquartered in Beijing, China.

For more details on the Shunbei Conventional Oil Field, buy the profile here.

This content was updated on 14 May 2024

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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.