CNOOC brings online new project offshore China

CNOOC Limited has started production from the Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project located offshore China.

The Penglai 19-3/19-9 oilfields are located in Bohai with an average water depth of approximately 28 meters.

According to CNOOC’s statement on Thursday, a new wellhead platform has been built, with 47 wells planned in total, including 30 production wells, 16 water injection wells and 1 development and appraisal well.

This new wellhead platform will fully utilize the existing processing facilities of Penglai 19-3 oilfield.

The project is expected to reach its peak production of approximately 15,681 barrels of crude oil per day in 2022.

CNOOC Limited holds a 51 per cent working interest in Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project and acts as the operator.

ConocoPhillips China, CNOOC Limited’s partner, holds the remaining 49 per cent working interest.