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 25.27% of its total recoverable reserves, with peak production 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 81.86 Mmboe, comprised of 491.19 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.