CNOOC Brings Another Field Online

CNOOC Brings Another Field Online
CNOOC Limited (NYSE: CEO) has announced that the Bozhong 26-3 oilfield expansion project has commenced production.

CNOOC Limited (NYSE: CEO) has announced that the Bozhong 26-3 oilfield expansion project has commenced production.

Located in the south of Bohai Sea, with an average water depth of about 68 feet, the project is expected to reach a peak production of approximately 2,670 barrels of crude oil per day this year. CNOOC highlighted that the development utilizes existing processing facilities, as well as a newly built unmanned wellhead platform and power platform. A total of eight development wells are planned, including five production wells, two water injection wells and one development and appraisal well, the company outlined.

CNOOC Limited holds a 100 percent interest in the Bozhong 26-3 oilfield expansion project and acts as the operator. The field start-up marks the third asset which the company has brought online this month.

On August 23, CNOOC announced that the Luda 6-2 oilfield had commenced production ahead of schedule. A total of 38 development wells are planned at the project, including 29 production wells, eight water injection wells and one development and appraisal well. The project is expected to reach a peak production of approximately 10,000 barrels of crude oil per day in 2022, according to CNOOC, which holds a 100 percent operated interest in the asset.

On August 2, CNOOC revealed that the Liuhua 21-2 oilfield had also started production ahead of schedule. Eight development wells are planned in total at the asset, which is expected to reach a peak production of approximately 15,070 barrels of crude oil per day in 2023.

In July, CNOOC announced the start up of one oilfield, Luda 29-1, and in June, the company revealed that one oilfield, Weizhou 11-2 oilfield phase II, and one gas field, Lingshui 17-2, had commenced production. A further start up was announced in May, Liuhua 29-2, and March, Caofeidian 6-4.

To contact the author, email andreas.exarheas@rigzone.com


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