CNOOC Ltd. has brought onstream its Suizhong 36-1/Luda 5-2 project in the shallow waters of the Bohai Sea, the company said Feb. 5.
CNOOC’s operated Suizhong 36-1/Luda 5-2 oilfield secondary adjustment and development project is in water depths of about 30 m in Bohai Sea’s Liaodong Bay.
The main production facilities include two new central processing platforms and two new wellhead platforms. CNOOC plans 118 development wells, including 81 producers and 37 water injection wells. The project is expected to reach peak production of approximately 30,300 bbl/d in 2025.
CNOOC said this project represents the largest secondary development and adjustment project offshore China. The development relies on onshore power supply.
CNOOC Ltd. holds 100% interest in the project.
Recommended Reading
Keeping it Simple: Antero Stays on Profitable Course in 1Q
2024-04-26 - Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
2024-04-26 - Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
Marathon Oil Declares 1Q Dividend
2024-04-26 - Marathon Oil’s first quarter 2024 dividend is payable on June 10.
Talos Energy Expands Leadership Team After $1.29B QuarterNorth Deal
2024-04-25 - Talos Energy President and CEO Tim Duncan said the company has expanded its leadership team as the company integrates its QuarterNorth Energy acquisition.