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December 7, 2021

Panzhuang CBM Field, China

By Carmen

Panzhuang is a producing cbm field located onshore China and is operated by Asian American Gas. The field is located in block Panzhuang (CBM).

Field participation details

The field is owned by AAG Energy Holdings and China National Offshore Oil.


Production from Panzhuang

The Panzhuang cbm field recovered 19.41% of its total recoverable reserves, with peak production expected in 2021. The peak production was approximately 105 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2063.


Remaining recoverable reserves

The field is expected to recover 88.29 Mmboe, comprised of 529.71 bcf of natural gas reserves. Panzhuang cbm field reserves accounts 1.93% of total remaining reserves of producing cbm fields globally.


About Asian American Gas

Methodology

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.

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