CNOOC kicks off production from Beibu Gulf project
- Project & Tenders
Chinese national oil company CNOOC Limited has started production from the Weizhou 12-2 oil field phase II project offshore China.
The Weizhou 12-2 oil field phase II project is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35.7 meters.
In addition to fully utilizing the existing facilities of Weizhou 12-2 oil field, the project has also built one wellhead platform, CNOOC said in a statement on Tuesday.
There are seven wells currently producing approximately 6,400 barrels of crude oil per day and the project is expected to reach its ODP designed peak production of approximately 11,800 barrels of crude oil per day in 2018.
The Weizhou 12-2 oil field phase II project is an independent oilfield in which the company holds 100% interest and acts as the operator.