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CNOOC Announces 2 Projects Commenced Production

Apr 23, 2022

CNOOC Limited announced today that Luda 5-2 oilfield north phase I project and Kenli 6-1 oilfield 4-1 block development project have commenced production.

Luda 5-2 oilfield north phase I project is located in Liaodong Bay of Bohai Sea, with average water depth of about 32 meters. In addition to fully utilizing the existing processing facilities of Suizhong 36-1 oilfield, the project has built 1 thermal recovery wellhead platform and 1 production adjective platform. A total of 28 development wells are planned, including 26 production wells and 2 water source wells. The project is expected to reach its peak production of approximately 8,200 barrels of crude oil per day in 2024.

Kenli 6-1 oilfield 4-1 block development project is located in the south of Bohai Sea, with average water depth of about 17 meters. In addition to fully utilizing the existing processing facilities of Bozhong 34-9 oilfield, the production facility is a wellhead platform.  A total of 12 development wells are planned, including 7 production wells and 5 water injection wells. The oilfield is expected to reach its peak production of approximately 4,000 barrels of crude oil per day in 2022.

Another earlier announcement related to Weizhou12-8E oilfield development project has commenced production.

The Weizhou 12-8E oilfield development project is located in Beibu Gulf in the South China Sea, with average water depth of about 30 meters. In addition to fully utilizing the existing processing facilities of Weixinan oilfields. A total of 7 development wells are planned, including 6 oil production wells and 1 production water reinjection well. The project is expected to reach its average  daily production of approximately 4,700 barrels of crude oil in 2022, with its peak production of approximately 10,000 barrels  of crude oil per day.

The Company holds 51% interest of Weizhou 12-8E oilfield development project. The partners of this oilfield are Roc Oil (China) Company, Horizon Oil (Beibu) Limited and Oil Australia Pty Ltd.