Yongping is a producing heavy oil field located onshore China and is operated by China National Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Fuyu 1. Buy the profile here.
Field participation details
The field is owned by China National Petroleum.
Production from Yongping
The Yongping heavy oil field recovered 24.67% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 3.91 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2066.
Remaining recoverable reserves
The field is expected to recover 15.90 Mmboe, comprised of 15.90 Mmbbl of crude oil & condensate. Yongping heavy oil field reserves accounts 0.04% of total remaining reserves of producing heavy oil fields globally.
About China National Petroleum
China National Petroleum Corp (CNPC) is an integrated energy company with operations encompassing the entire oil and gas industry value chain. Its businesses include exploration and production; natural gas sales, oilfield services, refining and chemicals, marketing and trading, engineering and construction, manufacturing, new energy development and finance. CNPC also designs and constructs oil and gas field production facilities, pipeline, storage tank, refinery and chemical plant, and offshore structures. It provides services in geophysical prospecting, drilling, well logging, mud logging and downhole operations. The company also has presence in new energy development, capital management, finance and insurance service sectors. CNPC is headquartered in Beijing, China.
For more details on the Yongping Heavy Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
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.
