CNOOC Commences Production from Panyu 11-5 in South China Sea

CNOOC Limited announced Monday that the Panyu 11-5 oilfield, located in the Pearl River Mouth Basin of the South China Sea, has commenced production.

In addition to utilizing the existing facilities of Panyu 5-1 oilfield, Panyu 11-5 also saw the drilling of three additional horizontal wells. There is currently one well on production, with an output total of approximately 3,270 barrels of crude oil per day. The oilfield is expected to reach a peak production level of approximately 3,900 bopd later this year.

Panyu 11-5 is an independent oilfield in which CNOOC holds a 100 percent operated interest.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)
 -  Irish Gas Grid Could Receive LNG from ... (Jul 19)
 -  What's It Take to Land a Job as a Petr... (Jul 14)
 -  Linde to Build New PP Line at Braskem ... (Jul 11)


Most Popular Articles

From the Career Center
Jobs that may interest you
United States Odessa: Tech Prof-Frac/Acid, Assoc
Expertise: Fracturing|Production Operator
Location: Odessa, TX
 
United States Odessa: Service Leader - Frac/Acid
Expertise: Field Service Tech|Fracturing|WellSite Supervisor
Location: Odessa, TX
 
United States Artesia: Cementing Bulk Material Operator I
Expertise: Cementing|Production Operator
Location: Artesia, NM
 
search for more jobs

Brent Crude Oil : $49.3/BBL 0.80%
Light Crude Oil : $46.79/BBL 0.70%
Natural Gas : $3.04/MMBtu 0.97%
Updated in last 24 hours