View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
November 30, 2021updated 27 Apr 2022 12:47pm

Weizhou 12-2 Conventional Oil Field, China

By Carmen

Weizhou 12-2 is a producing conventional oil field located in shallow water in China and is operated by CNOOC . The field is located in block Beibu Gulf 22/12, with water depth of 131 feet.

Field participation details

The field is owned by China National Offshore Oil .

Production from Weizhou 12-2

The Weizhou 12-2 conventional oil field recovered 30.27% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 42.53 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2065. The field currently accounts for approximately 1% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 172.98 Mmboe, comprised of 172.98 Mmbbl of crude oil & condensate. Weizhou 12-2 conventional oil field reserves accounts 0.04% of total remaining reserves of producing conventional oil 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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Offshore Technology