CNOOC Ltd. has put onstream the Long Lake Northwest Project in the Canadian province of Alberta, expecting to achieve a peak production of 8,200 barrels of crude oil per day (bpd) next year.
The project’s production facilities include a new well pad and four pipelines, the state-backed oil and gas exploration and production company said in a statement.
“It will be developed with steam-assisted gravity drainage operation and 8 well pairs are planned to be commissioned”, added the online statement.
CNOOC Petroleum North America ULC, a wholly owned subsidiary of CNOOC Ltd., operates the project with a 100 percent stake.
CNOOC Ltd., majority-owned by China National Offshore Oil Corp. (CNOOC), began production in the Long Lake oil sands, south of Fort McMurray, in 2008. Last year CNOOC Ltd.’s Long Lake production averaged about 61,000 barrels of oil equivalent (boe), according to information on the company’s website.
Elsewhere in Canada, CNOOC Ltd. owns a 7.23 percent interest in the Syncrude oil sands project, which contributed around 19,000 boe net to the company’s production in 2023. It also has a 25 percent stake in the Hangingstone oil sands project.
CNOOC Ltd. has now achieved nearly a dozen upstream startups this year, mostly in the South China Sea.
On October 31 CNOOC Ltd. and its partners announced production had commenced in the third phase of the Mero oilfield in the Santos Basin offshore Brazil. Mero3 has a production capacity of 180,000 bpd, which will raise the field’s installed capacity to 590,000 bpd.
CNOOC Ltd, through CNOOC Petroleum Brasil Ltda., owns a 9.65 percent stake. Operator Petróleo Brasileiro SA holds 38.6 percent, TotalEnergies SE 19.3 percent, Shell PLC 19.3 percent, China National Petroleum Corp. 9.65 percent and Pré-Sal Petróleo SA 3.5 percent.
At home CNOOC Ltd. put online five projects in the South China Sea and three in the Bohai area of the Yellow Sea in 2024.
In the South China Sea, the new production assets are the Liuhua 11-1/4-1 Oilfield Secondary Development Project, the Shenhai-1 Phase II Natural Gas Development Project, the Wushi 17-2 Oilfields Development Project, the Wushi 23-5 Oilfields Development Project and the Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project.
The new production assets in the Yellow Sea are the Bozhong 19-2 Oilfield Development Project, the Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project and the Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Development Project.
Amid the flurry of startups CNOOC Ltd.’s domestic output in the first nine months rose 6.6 percent year-on-year to 369.2 million boe (MMboe), particularly driven by Bozhong 19-6 and Enping 20-4, according to the company’s quarterly report published October 28.
Overseas, CNOOC Ltd.’s production in the first three quarters of 2024 increased 12.2 percent year-over-year to 172.9 MMboe, driven by the Payara oilfield in Guyana’s Stabroek block.
Total production grew 8.5 percent to 542.1 MMboe, setting a company record for the January–September period.
Source: By Jov Onsat from rigzone.com