CNOOC Starts Oil Production At Latest Offshore Field

Published at 12:06PM - 21/09/16

CNOOC announced today that it’s started oil production at its Enping 18-1 field, in the Pearl River Mouth basin of the South China Sea, offshore China.

The field has an average water depth of approximately 90 metres (295.27 feet).

“In addition to fully utilise the existing facilities of Enping 24-2 oil field, the project teamed up with Enping 23-1, Enping 23-2 and Enping 23-7 oil field for regional joint development,” the company informed.

CNOOC Starts Oil Production Offshore China

In this development, CNOOC currently counts on three wells producing approximately 2,010 barrels of crude oil per day.

Before the end of this year, the project is expected to reach its ODP designed peak production of approximately 11,800 barrels of crude oil per day.

The field is an independent oil field in which CNOOC Limited is the operator, holding a 100% interest.

CNOOC Raises Total Oil Production

Earlier this month, the company announced the start of production at the Weizhou 6-9/6-10 comprehensive adjustment project.

The oil field located in the Beibu Gulf in the South China Sea will utilise the existing facilities of Weizhou 6-9/6-10 as well as one wellhead platform.

In this development, CNOOC already counts on one producing well with a capacity for approximately 850 barrels of crude oil per day and a peak production estimated at approximately 3,800 barrels of oil per day by 2018.

CNOOC also operates this field with a 100% interest.

CNOOC made six new discoveries and drilled 26 appraisal wells in China and overseas, during the first half of this year.

Over the same period, CNOOC reached a total production of 241.5 million barrels of oil equivalent, a slight increase, mainly as a result of new projects coming online in China.

Before the end of 2016, the company expects four projects to come online.