Eric Watkins
Senior Correspondent
LOS ANGELES, Nov 8 -- CNOOC Ltd. announced initial production from the Caofeidian (CFD) 11-3/5 oil fields on western Bohai Bay Block 04/36. Using an unmanned facility, the fields are producing at 13,800 b/d of crude oil.
The fields are in an average depth of 25 m of water. The development was combined with CFD 11-1 and CFD 11-2 to enhance the economics (OGJ, July 11, 2005, p. 35).
Stakeholders are CNOOC 51% interest, operator Kerr-McGee China Petroleum Ltd. 40% interest, and Sino-American Energy Corp, a subsidiary of Ultra Petroleum Corp., 9% interest.
Contact Eric Watkins at [email protected].
