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.
Field participation details
The field is owned by China Petrochemical.
Production from Shunbei
The Shunbei conventional oil field recovered 14.15% of its total recoverable reserves, with peak production expected in 2035. The peak production will approximately 21.65 thousand bpd of crude oil and condensate and 33.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2070.
Remaining recoverable reserves
The field is expected to recover 257.64 Mmboe, comprised of 202.42 Mmbbl of crude oil & condensate and 331.32 bcf of natural gas reserves. Shunbei conventional oil field reserves accounts 0.06% of total remaining reserves of producing conventional oil fields globally.
About China Petroleum & Chemical
China Petroleum & Chemical Corp (Sinopec), a subsidiary of China Petrochemical Corporation, is a vertically 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.
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