CNOOC Limited has started production from the Caofeidian 11-1/11-6 oilfield comprehensive adjustment project, which is located in the Bohai Sea, offshore China.
Caofeidian 11-1/11-6 oilfield comprehensive adjustment project is located in Bohai with average water depth of 20 to 25 meters.
CNOOC said on Wednesday that the project had built two central processing platforms in addition to fully utilizing the existing facilities in Caofeidian oilfield, which includes six wellhead platforms and one FPSO.
According to the Chinese company, a total of 89 producing wells are planned with 12 wells currently producing. The project is expected to reach its peak production of approximately 28,700 barrels of crude oil per day in 2021.
As the operator, the company holds 51 percent interest in Caofeidian 11-1 oilfield and 60 percent interest in Caofeidian 11-6 oilfield, while the partners, Brightoil Petroleum holds 40.09 percent interest and 29.18 percent interest in these two oilfields respectively, SPC E&P (China) holds the remaining interest in these two oilfields.
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