Yuedong is a producing conventional oil field located in shallow water in China and is operated by Tincy Group Energy Resources. The field is located in block Hainan Yuedong.
Field participation details
The field is owned by CITIC Group, China National Petroleum and Far Great Investments.
Production from Yuedong
The Yuedong conventional oil field recovered 99.79% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 8.01 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.
Remaining recoverable reserves
The field is expected to recover 0.02 Mmboe, comprised of 0.02 Mmbbl of crude oil & condensate.
About Tincy Group Energy Resources
Tincy Group Energy Resources Limited is an oil and gas exploration company and holds holds the right to explore, develop and operate the Hainan- Yuedong Block until 2034. It is a wholly-owned subsidiary ofFar Great Investments Limited.
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.
