AMOCO TEAM PLANS SOUTH CHINA SEA OIL DEVELOPMENT
Amoco Orient Petroleum Co. and China Offshore Oil Nanhai East (Conhe) plan a $650 million development program for Liuhua 11-1 deepwater oil field in the South China Sea. The program is based on a floating production system (FPS) and seabed completions of horizontal wells. China's energy ministry last week approved the development plan for the field in 1,000 ft of water, about 120 miles south-southwest of Hong Kong. It is billed as the largest oil field in the South China Sea.