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November 25, 2021updated 27 Apr 2022 12:14pm

Yuedong Conventional Oil Field, China

By Carmen

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.

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