CNOOC starts production at Penglai 19-3

Oct. 27, 2023
CNOOC Ltd. started production at the Penglai 19-3 oilfield area 5/10 development project in south-central Bohai Sea.

CNOOC Ltd. started production at the Penglai 19-3 oilfield area 5/10 development project in south-central Bohai Sea.

The main production infrastructure lies in about 30 m of water and includes two wellhead platforms. A total of 130 development wells are planned, including 87 production wells and 43 water-injection wells. The area is expected to achieve a peak production of about 29,800 b/d in 2027.

CNOOC is operator at Penglai 19-3 (51%) with partner ConocoPhillips China (49%).