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December 1, 2021

Yanchang Conventional Oil Field, China

By Carmen

Yanchang is a producing conventional oil field located onshore China and is operated by Yanchang Oilfield. The field is located in block Yanchang.

Field participation details

The field is owned by Shaanxi Yanchang Petroleum (Group).


Production from Yanchang

The Yanchang conventional oil field recovered 40.99% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 256.28 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2059. The field currently accounts for approximately 3% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 2,109.28 Mmboe, comprised of 2,109.28 Mmbbl of crude oil & condensate. Yanchang conventional oil field reserves accounts 0.43% of total remaining reserves of producing conventional oil fields globally.


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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