CNOOC Brings Project Qi Kou Onstream

CNOOC reports that Project Qi Kou (QK) 17-2E in Bohai Bay has come on stream successfully. The project is producing over 2,400 barrels of oil per day currently.

This project is located in the southeast of the oil field QK 17-2 in Western Bohai Bay. The average water depth ranges from 5 to 7 meters. With production, QK 17-2 E will become an important part of Boxi oil fields.

The development facilities of Project QK 17-2E include: one wellhead platform and 6 producing wells. To take advantage of other neighboring fields and enhance the economic efficiency, the Company has designed an unmanned central platform and remote control daily production.

Mr. Liu Jian, Executive Vice President of the Company commented, "I am pleased to see the startup of this project on schedule. The unmanned platform of this project will facilitate the Company to enhance operational efficiency effectively while realizing the growth of production. During new project development, CNOOC Ltd. has always placed equal importance on speed and efficiency. Project QK17-2E is one good example."

QK 17-2 E is a project which CNOOC Ltd. holds 100% interest.