Puguang is a producing conventional gas field located onshore China and is operated by Sinopec Qingdao Safety Engineering Institute. The field is located in block Dawan.
Field participation details
The field is owned by Sinopec Qingdao Safety Engineering Institute.
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Production from Puguang
The Puguang conventional gas field recovered 26.05% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 784 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2083. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,140.49 Mmboe, comprised of 6,842.9 bcf of natural gas reserves. Puguang conventional gas field reserves accounts 0.37% of total remaining reserves of producing conventional gas fields globally.
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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