CNOOC Ltd. commenced production at the Liuhua 16-2/20-2 oilfield joint development project in the Eastern South China Sea in water depths averaging 410 m.
The project is one of 10 expected to come on stream this year, the company said in January (OGJ Online, Jan. 13, 2020).
One 150,000 deadweight tonnage (DWT) FPSO and three underwater production systems were built for the project. A total of 26 development wells are planned for development and production. The project is expected to reach peak production of 72,800 bo/d in 2022.
Crude oil produced in the Eastern South China Sea is mostly of light to medium gravity. At yearend 2019, reserves and production in the region reached 633.9 MMboe and 242,026 boe/d, respectively, representing about 12.2% of the company’s total reserves and about 17.4% of its production.
CNOOC Ltd. holds 100% interest in the Liuhua 16-2 oilfield/20-2 oilfield joint development project.