Yanchang is a producing conventional oil field located onshore China and is operated by Yanchang Oilfield. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Yanchang. Buy the profile here.
Field participation details
The field is owned by Shaanxi Yanchang Petroleum (Group).
Production from Yanchang
The Yanchang conventional oil field recovered 45.58% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 256.28 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2059. The field currently accounts for approximately 3% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,949.27 Mmboe, comprised of 1,949.27 Mmbbl of crude oil & condensate. Yanchang conventional oil field reserves accounts 0.43% of total remaining reserves of producing conventional oil fields globally.
For more details on the Yanchang Conventional Oil Field, buy the profile here.