The Caofeidian 6-4 Oilfield and Wenchang 19-1 Oilfield Phase II projects by CNOOC Ltd. are expected to produce more than 20,000 bbl/d of crude combined. (Source: Shutterstock)
CNOOC Ltd. announced two offshore projects have commenced production on March 17.
The Caofeidian 6-4 Oilfield Comprehensive Adjustment Project is in the western part of the Bohai Sea, with an average water depth of approximately 20 m. CNOOC plans 22 production wells and three water injection wells at the site, which is expected to achieve peak production of approximately 11,000 boe/d in 2026. The oil property is light crude.
The Wenchang 19-1 Oilfield Phase II Project is in the western part of the Pearl River Mouth Basin, with an average water depth of approximately 125 m. The company plans 13 development wells at the site, which is expected to achieve a peak production of approximately 12,000 boe/d in 2027. The oil property is medium crude.
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