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November 23, 2021updated 27 Apr 2022 12:48pm

Zhongyuan Conventional Oil Field, China

By Carmen

Zhongyuan is a producing conventional oil field located onshore China and is operated by Sinopec Qingdao Safety Engineering Institute.

Field participation details

The field is owned by Sinopec Qingdao Safety Engineering Institute.


Production from Zhongyuan

The Zhongyuan conventional oil field recovered 88.61% of its total recoverable reserves, with peak production in 2002. The peak production was approximately 74 thousand bpd of crude oil and condensate and 157 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2037.


Remaining recoverable reserves

The field is expected to recover 89.43 Mmboe, comprised of 536.61 bcf of natural gas reserves. Zhongyuan conventional oil field reserves accounts 0.02% 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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