Chinese oil and gas giant CNOOC Limited has started production from the Weizhou 11-2 oilfield phase II project located in Chinese waters.
The Weizhou 11-2 oilfield phase II project is located in Beibu Gulf in the South China Sea with water depth of about 40 meters.
In addition to fully utilizing the existing processing facilities of Weizhou 11-2 oilfield, the project has built one simple unmanned wellhead platform. A total of 13 development wells are planned, including 7 production wells and 6 water injection wells.
The project is expected to reach its peak production of approximately 6,000 barrels of crude oil per day in 2022.
CNOOC Limited holds 100 per cent interest in Weizhou 11-2 oilfield phase II project and acts as the operator.
Last week, CNOOC started production from China’s first offshore large-sized independent deepwater gas field, Lingshui 17-2 gas field.
The Lingshui 17-2 gas field is located in the Qiongdongnan Basin, in the South China Sea with water depth of approximately 1,560 meters.
It was the first large-sized deepwater discovery, with proven geological resources of natural gas exceeding 100 billion cubic meters, made by independent exploration, proving the great potential of the deepwater area of the South China Sea.