China National Offshore Oil Corp. Ltd. (CNOOC) reported late last week the commencement of production at Kenli 10-1 oilfield in China's Bohai Bay.
The Kenli 10-1 oilfield is located in the South of Bohai with an average water depth of approximately 55.8 feet (17 meters). The main production facilities of this oilfield include one central processing platform, two wellhead platforms and 70 producing wells. There are currently 12 wells producing approximately 10,750 barrels of crude oil per day. The oilfield is expected to reach its ODP designed peak production of approximately 36,000 barrels per day in 2016.
The Kenli 10-1 is an independent oilfield in which the Company holds 100 percent interest and acts as the operator.
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