CNOOC brings online another oilfield off China
Chinese oil and gas giant CNOOC Limited has started production from its Luda 29-1 oilfield, which is located offshore China.
Luda 29-1 oilfield is located in Liaodong Bay of Bohai Sea, with a water depth of about 32 metres.
Announcing the start-up on the 21st July, CNOOC said that, in addition to fully utilising the existing processing facilities of Luda 21-2/Luda 16-3 oilfield, the project has also built a new wellhead platform, with seven development wells planned in total, including four production wells, two water injection wells, and one water source well.
The project is expected to reach its peak production of approximately 4,440 barrels of crude oil per day in 2021.
CNOOC Limited holds 100 per cent interest in Luda 29-1 oilfield and acts as the operator.
The Chinese company in late June also started production from China’s first offshore large-sized independent deep-water gas field, Lingshui 17-2 gas field, located in the Qiongdongnan Basin, in the South China Sea.
It was the first large-sized deep-water discovery, with proven geological resources of natural gas exceeding 100 billion cubic metres, made by independent exploration, proving the great potential of the deep-water area of the South China Sea.
Days later, the company also started production from the Weizhou 11-2 oilfield phase II project located in Chinese waters.
Source: Offshore Energy Today