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Phase 2 of CNOOC’s operated Lufeng oilfield development project in the eastern South China Sea has begun production, the company said on Jan. 3.
The project, located in an average water depth of 136 m, consists of Lufeng 8-1, Lufeng 9-2 and Lufeng 14-8.
CNOOC said one new drilling platform was built for the project and that 14 development wells are planned, including 13 production wells and one water injection well.
CNOOC expects the project to achieve peak production of 22,600 bbl/d in 2025.
CNOOC Ltd. operates the project with 100% interest.
2024-01-09 - ONGC’s M Field represents the second phase of the larger 98/2 Block development project which is expected to reach peak production of 45,000 bbl/d and 10 MMcm/d.
2024-01-11 - The Norwegian Offshore Directorate provided updates on 2023 activity, including 14 wildcat discoveries and eight projects going online and urging exploration in frontier areas.
2024-01-03 - CNOOC’s South China Sea development is expected to reach peak production of 22,600 bbl/d in 2025.
2023-12-08 - The Norwegian Petroleum Directorate outlined options for moving gas out of the Barents to market while urging exploration and investment in the frontier region.
2023-12-13 - After two mysterious oil spills in the Gulf of Mexico, the U.S. Coast Guard is looking into the Main Pass Oil Gathering’s pipeline for answers.