CNOOC Limited (the “Company”) announced today that, BoZhong 28-2 South (“BZ 28-2S”) oilfields which suspended operation in this April due to a malfunction occurred on the Single Point Mooring System, has restarted production.
Currently the operation in BZ 28-2S oilfields is running smoothly. The production capacity of the oil fields has recovered to the level before the incident, reaching approximately 39,000 barrels of oil per day.
In April 2011, due to rough sea conditions, a malfunction occurred on the single point mooring system of the Floating, Production, Storage and Offloading (FPSO) vessel “Haiyangshiyou 102” serving in BZ 28-2S oilfields. Operations were immediately shut down at the oilfields.
After the incident, the Company worked out a recovery plan of the oilfields and implemented it in a timely manner.
BZ 28-2S oilfields, located in Bohai Bay, are composed of four fields, including BZ 28-2 S, BZ 28-2 SN, BZ 34-1N and BZ 29-4. The Company owns 100% interest of the oilfields and acts as the operator.
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Source: CNOOC, July 25, 2011;