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November 23, 2021updated 27 Apr 2022 12:30pm

WZ 12-8E Conventional Oil Field, China

By Carmen

WZ 12-8E is a producing conventional oil field located in shallow water in China and is operated by Roc Oil (China). The field is located in block Beibu Gulf 22/12, with water depth of 108 feet.

Field participation details

The field is owned by Majuko, Hainan Mining, Horizon Oil and China National Offshore Oil.


Production from WZ 12-8E

The WZ 12-8E conventional oil field with peak production expected in 2023. The peak production will approximately 10 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2037.


Remaining recoverable reserves

The field is expected to recover 15.38 Mmboe, comprised of 15.38 Mmbbl of crude oil & condensate.


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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