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November 30, 2021updated 27 Apr 2022 12:54pm

Yumen Conventional Oil Field, China

By Carmen

Yumen is a producing conventional oil field located onshore China and is operated by China National Petroleum.

Field participation details

The field is owned by China National Petroleum.


Production from Yumen

The Yumen conventional oil field recovered 90.55% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 43.96 thousand bpd of crude oil and condensate and 54 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036.


Remaining recoverable reserves

The field is expected to recover 21.72 Mmboe, comprised of 130.3 bcf of natural gas reserves.


About China National Petroleum

China National Petroleum Corp (CNPC) is an integrated energy company with operations covering the entire oil and gas industry value chain. Its businesses encompass oil and gas exploration and development, refining and chemicals, marketing and trading, natural gas and pipelines. The company produces equipment for exploration and production, oilfield services, pipeline construction, refining and chemical processing, and offshore engineering. CNPC also designs and constructs oil and gas field production facilities, pipeline, storage tank, refinery and chemical plant, and offshore engineering. It provides services in geophysical prospecting, drilling, well logging, mud logging and downhole operations. The company also has presence in new energy development, capital management, finance and insurance service sectors. CNPC is headquartered in Beijing, 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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