CNOOC Ltd. said Nov. 2 that gas production has started at the Liuhua 29-1 gas field in the eastern South China Sea.
The field, located 86 km northeast of the Liwan 3-1 gas field, includes a new subsea wellhead with plans for seven development wells. The company said the field, which will utilize the Liuhua 34-2 and Liwan 3-1 production facilities, is expected to reach peak production of about 62 million cubic feet of natural gas per day in 2022.
CNOOC has a 25% working interest in the field and operates in shallow water, while Husky Oil China Ltd. holds the remaining interest and operates in deep water.
U.S. energy firms this week added oil and natural gas rigs for the 11th time in 12 weeks as producers return to the wellpad even as most are cutting spending this year and next.
Ascent Resources and CNX Utica Shale completions, a Louisiana Austin Chalk venture plus two significant discoveries reported in Egypt top this week’s drilling activity highlights from around the world.
Agency is considering lower royalties; most GoM facilities are producing at less than 25% capacity.