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
 -  Petrofac Suspends Group Chief Operatin... (May 25)
 -  EnQuest On Track For Kraken First Oil ... (May 25)
 -  Energean Signs Lease Agreement for Exp... (May 25)
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Associate Chemist Oilfield Production Chemicals/ Fracturing
Expertise: Chemist|Fracturing
Location: Houston, TX
 
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
 
C Production Operator
Expertise: Production Operator
Location: Gray, LA
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours