The Huizhou 25-8 Oilfield/Xijiang 24-3 Oilfield Xijiang 24-1 District joint development project has commenced production, CNOOC Ltd. said in a news release.
This project is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of about 100 m (328 ft). The main production facilities include two drilling and production platforms and 29 producing wells, the release said. Currently, there are four wells producing about 6,300 bbl/d of crude. The project is expected to reach peak production of about 33,000 bbl/d in 2016.
This project is an independent project in which the company holds a 100% equity interest and acts as the operator.
The Xijiang 24-3 oilfield started production in November 1994 and the operator was Phillips China INC. In January 2010 the operatorship transferred to CNOOC Limited. Xijiang 24-1 district is the adjustment project for this oilfield, CNOOC said in the release. The Huizhou 25-8 oilfield and Xijiang 24-3 oilfield Xijiang 24-1 district project is a joint development project sharing one FPSO unit.
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