CNOOC Ltd., a listed branch of China National Offshore Oil Corp., on April 8 said it had started production at the eastern section of Weizhou 12-8 oil field, known as Weizhou 12-8E.
The project is expected to achieve its average production of approximately 4,700 bbl/d of crude oil in 2022, with its peak production at 10,000 bbl/d.
Located in Beibu Gulf in the South China Sea with average water depth of about 30 m, the project will use the existing processing facilities of Weixinan oil fields and has planned seven development wells.
CNOOC Ltd. holds 51% interest in the project, while the remaining interests are held by Roc Oil (China) Co., Horizon Oil (Beibu) Ltd. and Oil Australia Pty Ltd.
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