CNOOC: Production kicks off in Enping (China)
- Business & Finance
CNOOC Limited has announced that its Enping 24-2 oilfield, in the South China Sea, has started production.
Enping 24-2 oilfield is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 86~96 meters.
The main production facilities include one drilling and production platform, one floating production storage and offloading unit (FPSO) and 17 producing wells.
Currently, there are 2 wells producing approximately 8,000 barrels of crude oil per day, and the project is expected to reach its peak production of approximately 40,000 barrels per day in 2017.
Enping 24-2 is an independent oilfield which the company holds 100% interest and acts as the operator.