First Production Commences at CNOOC's Enping 24-2 Oil Field Offshore China
China's largest offshore crude oil and natural gas producer CNOOC Limited announced Monday that it has commenced first production at the company-operated Enping 24-2 oil field in the Pearl River Mouth Basin, South China Sea offshore China.
CNOOC indicated that the main production facilities at the Enping 24-2 oil field, located at average water depth of around 282-315 feet (86-96 meters), include one drilling and production platform, one floating production storage and offloading unit (FPSO) and 17 producing wells, the firm said in a press statement Monday.
Two wells are currently producing approximately 8,000 barrels of crude oil per day and the Enping 24-2 development is expected to reach peak production of approximately 40,000 barrels per day in 2017.
In August, CNOOC – which holds 100 percent interest in the Enping 24-2 oil field – has indicated that there will be no change to the firm's planned 2014 production target of 422-435 million barrels of oil equivalent.
In this regard, CNOOC began producing gas from the Lingshui 36-1 field offshore Zhejiang province in July, while first oil commenced from the Panyu 10-2/5/8 development in South China Sea's Pearl River Mouth Basin and the Wenchang 13-6 field in Western South China Sea in late July and late August, respectively.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes
- These Factors Helped Brent Oil Price Break Above $85
- Sinopec Engineering Posts Higher Annual Petrochemicals Revenue
- Imperial Pipeline in Winnipeg Goes Offline for Three Months
- Gaz System to Acquire Gas Storage Poland
- Subsea7 Secures Contract to Service Woodside's Trion
- Adnoc Inks Supply Deal for Ruwais LNG Project with Germany's SEFE
- EIA Boosts USA Crude Oil Production Forecasts
- TotalEnergies to Acquire TLCS Eyeing Bayou Bend CCS Project
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Rystad Looks at the Buzz Around White Hydrogen
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension