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December 7, 2021

Yanchang Gas Project Unconventional Gas Field, China

By Carmen

Yanchang Gas Project is a producing unconventional gas field located onshore China and is operated by Shaanxi Yanchang Petroleum (Group). The field is located in block Yanchang.

Field participation details

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


Production from Yanchang Gas Project

The Yanchang Gas Project unconventional gas field recovered 42.75% of its total recoverable reserves, with peak production in 2018. The peak production was approximately 144 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039.


Remaining recoverable reserves

The field is expected to recover 71.01 Mmboe, comprised of 426.08 bcf of natural gas reserves. Yanchang Gas Project unconventional gas field reserves accounts 0.06% of total remaining reserves of producing unconventional gas fields globally.


About Shaanxi Yanchang Petroleum (Group)

Shaanxi Yanchang Petroleum (Group) Co Ltd (Shaanxi) is an oil and gas company that offers oilfield exploration and refinery programs. The company offers services such as oil and gas exploration, oil product marketing, project construction, oil refinery and chemical engineering, technology research and development, machinery manufacturing, and foreign cooperation. It also provides oil pipeline transportation, crude oil exploitation and allotment, and pipeline construction services. Shaanxi offers chemical engineering of oil, gas, coal, and salt. The company operates oil exploration fields in Fengfuchuan, Zibei, Zhidan, Zibei, Zhidan, Chuankou, Chuankou, Zichang, Yaodian, Yujiaping and Panlong, among others. Shaanxi is headquartered in Xi’an, Shaanxi, 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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