Wenbei is a producing conventional oil field located onshore China and is operated by Zhongman Petroleum and Natural Gas Group. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Wensu. Buy the profile here.
Field participation details
The field is owned by Zhongman Petroleum and Natural Gas Group.
Production from Wenbei
The Wenbei conventional oil field recovered 9.25% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 1.18 thousand bpd of crude oil and condensate and 3.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2071.
Remaining recoverable reserves
The field is expected to recover 8.89 Mmboe, comprised of 6.02 Mmbbl of crude oil & condensate and 17.20 bcf of natural gas reserves.
About Zhongman Petroleum and Natural Gas Group
Zhongman Petroleum and Natural Gas Group Co Ltd (ZPEC), is an oil and gas company. It carries out exploration and development, integrated well drilling and engineering services. The company also manufactures petroleum equipment and oilfield products such as AC variable frequency drive (VFD) and DC motor electrical drilling rigs, mechanic-electric drilling rigs, work-over rigs, rig parts and components; machine products including mud pump, swivel, crown block, travelling block and hook; and electronic products such as electric power distribution and drive control systems. Its technical service offerings include directional drilling, cementing, logging and drilling fluid services. The company exports oilfield-related products to clients in the Middle East, Central Asia, Russia and North Africa. ZPEC is headquartered in Shanghai, China.
For more details on the Wenbei Conventional Oil Field, buy the profile here.