CNOOC starts oil production from Pearl River Mouth basin

Nov. 24, 2014
CNOOC Ltd. has started production from the Huizhou 25-8 oil field-Xijiang 24-3 oil field Xijiang 24-1 district joint development project in the Pearl River Mouth basin of the South China Sea.

CNOOC Ltd. has started production from the Huizhou 25-8 oil field-Xijiang 24-3 oil field Xijiang 24-1 district joint development project in the Pearl River Mouth basin of the South China Sea.

Four wells are producing 6,300 b/d of oil, and the project is expected to reach peak production of 33,000 b/d in 2016. The main production facilities include two drilling and production platforms and 29 producing wells. The project, which lies in 100 m of water, shares a floating production, storage, and offloading vessel.

Xijiang 24-3 oil field started production in November 1994, then-operated by Phillips China Inc. Operatorship of the project transferred to CNOOC in January 2010, and the company currently holds 100% interest.