Phase I of the PL 19-3 development began production in December 2002, and the field is currently producing approximately 20,000 barrels of oil per day (gross). Phase I facilities include a 24-slot wellhead platform and a floating production, storage and offloading facility. The Phase II development will incorporate knowledge gained from the Phase I drilling and production results.
ConocoPhillips and CNOOC signed a petroleum contract in December 1994 granting ConocoPhillips the right to explore Block 11/05, a 1.6 million-acre area located in Bohai Bay. ConocoPhillips is the operator of the block, with a 49 percent working interest in the PL 19-3 development. CNOOC holds the remaining 51 percent working interest.
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