CNOOC starts oil production from Panyu project in S. China Sea
CNOOC Ltd. reported that its Panyu 10-2/5/8 project has started oil production. The Panyu 10-2/5/8 project lies in 100 m of water in the Pearl River Mouth basin of the South China Sea.
The project includes three oil fields—Panyu 10-2, Panyu 10-5, and Panyu 10-8—and was designed to share some facilities of Panyu 4-2 oil field.
The main newly built production facilities include a wellhead platform and nine producing wells. Currently there are four wells producing about 9,000 b/d. The project is expected to reach peak production of 13,000 b/d in 2015, CNOOC said.
Panyu 10-2/5/8 is an independent project in which the company holds 100% interest.