By OGJ editors
HOUSTON, Apr. 19 -- Taiwan's state-run Chinese Petroleum Corp. (CPC) plans to start production in 2009-10 from its first offshore field, a gas-condensate deposit in the Taiwan Strait west of Kaohsiung, according to a CPC official.
The F structure gas field in the Taiwan trough 100 km offshore in 120 m of water is believed to contain 240 bcf of recoverable gas plus an undisclosed volume of condensate. The field was discovered years ago when gas prices were too low to support development.
Lee Tsung-lung, a deputy chief executive of CPC's Natural Gas Division, said CPC plans to drill 10 wells. A platform will be connected by subsea pipeline to processing facilities at Yungan and will sustain commercial exploitation for up to 10 years, he said.
CPC has drilled 137 offshore wells off Keelung, Hsinchu, Lugang, Penghu, and Kaohsiung since 1972.
The country has 57 producing wells in onshore fields in western Taiwan that produced a combined 77 MMcfd of gas and 767 b/d of liquids in 2004. The fields are named Tiejhanshan, Cingcaohu, Jinshuei, Yongheshan, Baishatun, Chuhuangkeng, Bajhangsi, Sinying, and Guantian.
