Offshore oil rig. (Source: Shutterstock)
CNOOC Ltd. began production at its Enping 18-6 oil field, the company announced Oct. 26.
The Enping 18-6 field is in the Pearl River Mouth Basin of the South China Sea in an average water depth of 99 m.
The main production facilities include one wellhead platform, with 15 development wells planned to be put into production. It is expected to achieve a peak production of 9,300 bbl/d in 2024, according to the company.
CNOOC holds 100% interest in the project and acts as the operator.
About a month ago, CNOOC’s Lufeng 12-3 field began production.
Recommended Reading
NOV Announces $1B Repurchase Program, Ups Dividend
2024-04-26 - NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Repsol to Drop Marcellus Rig in June
2024-04-26 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
US Drillers Cut Most Oil Rigs in a Week Since November
2024-04-26 - The number of oil rigs fell by five to 506 this week, while gas rigs fell by one to 105, their lowest since December 2021.
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
2024-04-25 - Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
Chevron’s Tengiz Oil Field Operations Start Up in Kazakhstan
2024-04-25 - The final phase of Chevron’s project will produce about 260,000 bbl/d.