The oil and gas explorer and producer added, “In recent years, CNOOC Limited has been continually tapping the resource potentials of the Yinggehai-Qiongdongnan Basin, to fully utilize the existing production facilities and thereby reduce the development cost of new projects”.
A Shell-CNOOC joint venture has reached an FID on expanding a petrochemicals complex in the south of China, Shell said on Wednesday.
The state-backed oil and gas exploration and production company expects the project to reach about 17,000 barrels of oil equivalent a day (boed) in peak production in 2027. The oil portion is heavy crude, according to a statement on CNOOC Ltd.’s website.
The project is located in the Pearl River Mouth Basin, with an average water depth of approximately 110 meters. The main production facilities include a new intelligent drilling production platform, as well as the adaptively modified “NAN HAI FEN JIN” FPSO. A total of 19 development wells are planned to be commissioned, including 2 oil production wells and 17 gas production wells. The project is expected to achieve a peak production of approximately 20,600 boed in 2027. The main products include light crude and natural gas.
Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has brought online an oilfield development project off the coast of China in eastern Asia on the western shore of the Pacific Ocean.
China’s state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at the Bozhong 19-2 oilfield development project in Bohai Bay.
China National Offshore Oil Corporation (CNOOC) has started production at Liuhua 11-1/4-1 oilfield secondary development project, which features China’s first cylindrical floating production, storage, and offloading (FPSO) unit and a new platform.
New technology is unlocking new fields – and the wider world is buying, if not the West
The field is estimated to contain more than 100 billion cubic meters of natural gas and lies in an average water depth of approximately 1,500 meters.
China’s state-run China National Offshore Oil Corporation (CNOOC) has brought onstream the first oil field in China that features low-carbon design and receives power from the shore for its operations in South China Sea.