Zhongyuan is a producing conventional oil field located onshore China and is operated by SINOPEC Zhongyuan Oilfield. 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 Zhongyuan

The Zhongyuan conventional oil field recovered 89.78% of its total recoverable reserves, with peak production in 2002. The peak production was approximately 74.00 thousand bpd of crude oil and condensate and 157.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2037.

Remaining recoverable reserves

The field is expected to recover 80.26 Mmboe, comprised of 481.57 bcf of natural gas reserves. Zhongyuan conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.

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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.