CNOOC starts up eighth project off China in 2020
Oil and gas company CNOOC Limited has started production from the Liuhua 29-1 gas field in the South China Sea.
The Liuhua 29-1 gas field is located in the eastern South China Sea, 86 kilometres northeast of Liwan 3-1 gas field in a water depth of about 640 to 785 metres.
CNOOC said on Monday that a new subsea wellhead has been built, with seven development wells planned in total.
The gas field will fully utilise the existing production facilities of Liuhua 34-2 gas field and Liwan 3-1 gas field. It is expected to reach peak production of around 62 million cubic feet of natural gas per day in 2022.
CNOOC has a 25 per cent working interest in Liuhua 29-1 gas field and acts as the operator in shallow water, while Husky Oil holds the remaining 75 per cent working interest and is the operator in deep water.
It is worth reminding that the Chinese company CNOOC has been busy this year with several new projects coming online during the period.
In January, CNOOC said that ten new projects were expected to come on stream in 2020. Eight of them were located offshore China.
The only two projects, not offshore China, are the Liza oil field Phase 1 in Guyana and Buzzard oil field Phase II in the UK.
With the Liuhua 29-1 gas field now online, CNOOC has launched all of its projects planned for 2020 offshore China.