Asset Report
Fengcheng
Report summary
The Fengcheng heavy oil field was discovered in late 1981 in the Junggar Basin. Early development focused on light oil from the Permian formation, but as technology improved, heavy oil became a greater priority. Steam flooding and horizontal drilling were initially applied to lift the heavy oil, but with limited effect. Then the Steam Assisted Gravity Drainage (SAGD) technology was piloted with more positive results. PetroChina has since widely employed SAGD.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Location maps
- Participation
- Geology
- Well data
- Reserves and resources
- Production
- Development
- Infrastructure
- Costs
-
Fiscal and regulatory
- Special Oil Levy (Windfall Profit Tax)
-
Economic assumptions
- Cash Flow
- Discount rate and date
- Inflation rate
- Oil price
- Exchange rate
- Global Economic Model (GEM) file
- Economic analysis
Tables and charts
This report includes 21 images and tables including:
- Key facts: Table 1
- Index Map
- Detail Map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Production Profile
- Infrastructure: Table 1
- Exploration Costs
- Capital Costs
- Costs: Table 3
- Operating Costs
- Cash flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining PV Price Sensitivities
What's included
This report contains:
