CNOOC Limited announced that its Enping 24-2 oilfield has commenced production.
Enping 24-2 oilfield is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 86 - 96 m. The main production facilities include one drilling and production platform, one floating production storage and offloading unit (FPSO) and 17 producing wells.
Currently there are 2 wells producing approximately 8000 barrels of crude oil per day, and the project is expected to reach its peak production of approximately 40,000 bpd in 2017.
Enping 24-2 is an independent oilfield which the company holds 100% interest and acts as the operator.
CNOOC has made a bid for Nexen worth US$ 15.1 billion as part of a takeover scheme that has raised questions over the wisdom of selling energy assets to foreign state-run companies.
CNOOC, the largest offshore oil and gas producer in China, has selected Intergraph SmartPlant Foundation to manage the engineering information of its offshore platforms and oil fields as part of CNOOC’s Engineering Digital Information System (EDIS) project.
CNOOC has acquired a 50% interest in Exoma’s Queensland portfolio of coal seam gas and shale gas exploration blocks; it will contribute AU$ 50 million towards exploration costs as part of the agreement.