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November 23, 2021

WZ 12-8E Conventional Oil Field, China

By Carmen

WZ 12-8E is a conventional oil development located in shallow water in China and is operated by Roc Oil (China). Discovered in 1994, WZ 12-8E lies in block Beibu Gulf 22/12, with water depth of around 108 feet.

The project is currently in construction stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2020. The development cost is expected to be $71 m. The WZ 12-8E conventional oil development will includes subsea tree and wellhead platforms.

Field participation details

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


Production from WZ 12-8E

Production from the WZ 12-8E conventional oil development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 6,000 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2037.


Remaining recoverable reserves

The field is expected to recover 12.16 Mmboe, comprised of 12.16 Mmbbl of crude oil & condensate.


Contractors involved in the WZ 12-8E conventional oil field

The key contractors involved in the WZ 12-8E project as follows.

Design/FEED Engineering: OffshoreTech

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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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