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  1. Market Data
April 28, 2022

Wushi 17-2 Conventional Oil Field, China

By Carmen

Wushi 17-2 is a conventional oil development located in shallow water in China and is operated by CNOOC. Discovered in 2011

The project is currently in construction stage and is expected to start commercial production in 2022.

Field participation details

The field is owned by China National Offshore Oil.


Production from Wushi 17-2

Production from the Wushi 17-2 conventional oil development project is expected to begin in 2022 and is forecast to peak in 2024, to approximately 9,858 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2068.


Remaining recoverable reserves

The field is expected to recover 56.57 Mmboe, comprised of 56.57 Mmbbl of crude oil & condensate.


About CNOOC

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.

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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