WZ 12-8E 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 Beibu Gulf 22/12, with water depth of 108 feet. Buy the profile here.
Field participation details
The field is owned by China National Offshore Oil, Hainan Mining, Horizon Oil and Majuko.
Production from WZ 12-8E
The WZ 12-8E conventional oil field recovered 7.45% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 10.00 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036.
Remaining recoverable reserves
The field is expected to recover 17.75 Mmboe, comprised of 17.75 Mmbbl of crude oil & condensate.
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 WZ 12-8E Conventional Oil Field, buy the profile here.