CNOOC slates more wells, petrochem plant

02/28/2000
China National Offshore Oil Corp. (CNOOC) plans to drill 162 production wells this year to offset the expected natural production decline of about 5 million tonnes from existing fields. The new wells will be drilled mainly in the Bohai Sea, where CNOOC plans to bring three new fields on stream this year.The three are Qikou 17-2 field, with start-up expected in June, and Sui- zhong 36-1 and QHD 32-6 fields, with first oil slated for yearend. At Qikou 17-2, drilling of 31 production wells will bring capacity to 680,000 tonnes/year of crude.CNOOC plans to complete the initial drilling phase there in April. The first-phase project will then go into production in October. By the end of 2002, t...
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