Panyu 4-2, 5-1, 11-6 is a producing conventional oil field located in shallow water in China and is operated by CNOOC. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 15/34, with water depth of 363 feet. Buy the profile here.
Field participation details
The field is owned by China National Offshore Oil.
Production from Panyu 4-2, 5-1, 11-6
The Panyu 4-2, 5-1, 11-6 conventional oil field recovered 81.83% of its total recoverable reserves, with peak production in 2004. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040.
About CNOOC
CNOOC Ltd (CNOOC), a subsidiary of China National Offshore Oil Corp, is an upstream oil and gas company. The company's primary activities involve the exploration, development, production, and sale of crude oil and natural gas. It operates through various oil and gas fields, including Bohai, Western South China Sea, Eastern South China Sea, and East China Sea. CNOOC's products are primarily used in the energy industry, providing essential resources for various sectors. The company has a significant presence in China and holds interests in oil and gas projects in multiple countries and regions worldwide, including Indonesia, Australia, Nigeria, Iraq, Uganda, Argentina, the US, Canada, the UK, Brazil, Guyana, and the UAE. CNOOC is headquartered in Beijing, China.
For more details on the Panyu 4-2, 5-1, 11-6 Conventional Oil Field, buy the profile here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.