Shengli is a producing heavy oil field located onshore China and is operated by Sinopec Shengli Oilfield.
Field participation details
The field is owned by China Petrochemical, Frontier Oil and AC Energy.
Production from Shengli
The Shengli heavy oil field recovered 58.03% of its total recoverable reserves, with peak production in 1996. The peak production was approximately 584.33 thousand bpd of crude oil and condensate and 115 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2061. The field currently accounts for approximately 6% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 3,498.26 Mmboe, comprised of 3,450.64 Mmbbl of crude oil & condensate and 285.73 bcf of natural gas reserves. Shengli heavy oil field reserves accounts 7.62% of total remaining reserves of producing heavy oil fields globally.
About Sinopec Shengli Oilfield
Sinopec Shengli Oilfield Co (Sinopec Shengli Oilfield), a subsidiary of China Petroleum & Chemical Corporation is an oil and gas company that provides oilfield services. The company offers services such as petroleum engineering, oil exploration, oilfield development, oil production, oil processing and oilfield drilling. It operates through crude oil and gas processing stations, oil storage facilities and gas gathering stations. The company provides its services throughout China. It operates in Shandong, Xinjiang and Inner Mongolia, China. Sinopec Shengli Oilfield is headquartered in Dongying City, 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.