CNOOC starts production at Caofeidian expansion project

China National Offshore Oil Co. Ltd. (CNOOC) has started production at its Caofeidian 11-1/11-6 oilfield comprehensive adjustment project in Bohai Bay.

Caofeidian 11-1/11-6 are in 20-25 m water. The output expansion project included construction of two central processing platforms and will also fully utilize existing facilities in Caofeidian oilfield, including six wellhead platforms and one floating, production, storage, and offloading (FPSO) vessel.

A total of 89 producing wells are planned with 12 wells currently producing. The project is expected to reach peak production of about 28,700 b/d in 2021.

As the operator, CNOOC holds 51% interest in Caofeidian 11-1 and 60% interest in Caofeidian 11-6. Brightoil Petroleum (Holdings) Ltd. holds 40.09% and 29.18% in the two fields respectively. SPC E&P (China) Pte. Ltd. holds the remaining interest.