Panyu 30-1 is a producing conventional gas field located in shallow water in China and is operated by CNOOC. The field is located in block Liuhua 07, with water depth of 660 feet.
Field participation details
The field is owned by China National Offshore Oil.
Production from Panyu 30-1
The Panyu 30-1 conventional gas field recovered 59.94% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 114 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045.
Remaining recoverable reserves
The field is expected to recover 34.65 Mmboe, comprised of 207.89 bcf of natural gas reserves. Panyu 30-1 conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas fields globally.
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.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.