CNOOC Commence Production from Hui Zhou 19-1

CNOOC reports that the Hui Zhou (HZ) 19-1 field has come on stream successfully. The field is producing 1,500 barrels of oil per day via 1 well currently.

HZ 19-1 field is located in the northern part of block 16/19, about 120 kilometers southeast of Hong Kong in Eastern South China Sea. The peak gross production capacity of the field is designed at 2,000 barrels of oil per day.

HZ19-1, together with HZ 19-3/2, which began production in 2004, is called HZ19-3/2/1 fields. The development facilities of the fields consist of 2 platforms, 8 wells and a 41-kilometer sub-sea pipeline. The fields are producing at a daily rate of 12,000 barrels of oil approximately.

The fields are operated by CACT Operators Group consisting of CNOOC Ltd, Eni China BV, ChevronTexaco China Energy Company. The Company holds a 51% of interest of the fields.