The Panyu 34-1/35-1/35-2 project in the Pearl River Mouth Basin of the South China Sea has started production, CNOOC Ltd. said in a news release.
The project, which has a water depth of between 195 m (640 ft) and 338 m (1,109 ft), consists of three gas fields, namely Panyu 34-1, Panyu 35-1 and Panyu35-2. The main production facilities include one comprehensive platform, two sets of underwater production system and 13 producing wells, the release said. There are currently two wells producing about 594 Mcm/d (21 MMcf/d) of natural gas. The project is expected to reach its designed peak production of about 4.5 MMcm (150 MMcf/d) in 2015.
Panyu 34-1/35-1/35-2 is an independent project in which the company holds 100% interest.
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