China National Offshore Oil Corporation (CNOOC) has brought on stream two oil and gas projects offshore China, which feature 'intelligent technologies' for improved…
China National Offshore Oil Corporation (CNOOC) has brought on stream two oil and gas projects offshore China, which feature 'intelligent technologies' for improved efficiencies and reduced carbon footprint.
The first project, Caofeidian 6-4 Oilfield Comprehensive Adjustment Project, is located in the western part of the Bohai Sea, with an average water depth of approximately 20 meters.
The main production facility is a new production wellhead platform, which leverages the adjacent existing facilities for development. According to CNOOC, 25 development wells are planned to be put into production, including 22 production wells and three water injection wells.
The project is expected to achieve a peak production of approximately 11,000 barrels of oil equivalent per day in 2026. The oil property is light crude.
The second, Wenchang 19-1 Oilfield Phase II Project, is located in the western part of the Pearl River Mouth Basin, with an average water depth of approximately 125 meters.
The main production facility is a new drilling and production platform, which also leverages the adjacent existing facilities for development. CNNOC said that 13 development wells are planned to be put into production.
The project is expected to achieve a peak production of approximately 12,000 barrels of oil equivalent per
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