CNOOC Ltd. has commenced production at the Panyu 11-5 oil field in the Pearl River Mouth Basin of the South China Sea, according to a news release.
The average water depth of about 110 m.
In addition to fully utilizing the existing facilities of Panyu 5-1 oil field, the Panyu 11-5 oil field also drilled three horizontal wells, the release said. There is currently one well on production, producing a total of about 3,270 barrels of crude oil per day. The oil field is expected to reach its ODP designed peak production of about 3,900 barrels of crude oil per day in 2016.
The Panyu 11-5 is an independent oil field in which CNOOC holds 100% interest and acts as the operator.
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