CNOOC Commences Oil Production at Qinhuangdao 32-6 Project in Bohai Bay



China National Offshore Oil Corp. Ltd. (CNOOC) announced Monday that its Qinhuangdao 32-6 comprehensive adjustment project in Bohai Bay offshore China has commenced production.

The Qinhuangdao 32-6 oilfield is located at the central north of Bohai Bay with an average water depth of approximately 65 feet (20 meters). The main production facilities of Qinhuangdao 32-6 comprehensive adjustment project include 4 platforms and 99 producing wells. This project is fully on-stream and expected to reach its overall development plan (ODP) designed peak production of approximately 36,000 barrels per day in 2015.

CNOOC Limited has 75.5 percent working interest in Qinhuangdao 32-6 comprehensive adjustment project and acts as the operator, while its partner, Chevron China Energy Company holds the remaining 24.5 percent working interest.



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