CNOOC Limited has revealed that the Penglai 19-9 comprehensive adjustment project, located in the Bohai Sea, has commenced production.
The adjustment project is expected to reach its peak production of approximately 13,000 barrels of crude oil per day in 2019. There are 57 planned producing wells in total, with two wells currently producing approximately 750 barrels of crude oil per day.
In addition to fully utilizing the existing facilities of the Penglai 19-3 oilfield, one wellhead platform has also been built as part of this adjustment project.
CNOOC Limited has 51 percent working interest in Penglai 19-9 oilfield and acts as the operator, while its partner, ConocoPhillips China holds the remaining 49 percent working interest.
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