CNOOC Ltd has announced that the Kenli 10-4 oilfield has commenced production.
The Kenli 10-4 oilfield is located in the South of Bohai with an average water depth of approximately 15 m. In addition to fully utilising the existing facilities of Kenli 10-1 oilfield, the Kenli 10-4 oilfield also included the development of one wellhead platform. There are currently 6 wells on production, producing a total of approximately 6540 bpd of crude oil. The oilfield is expected to reach its ODP designed peak production of approximately 9600 bpd of crude oil in 2016.
The Kenli 10-4 is an independent oilfield in 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.
China National Offshore Oil Corp. (CNOOC) has signed an agreement with BG Group of Australia for the purchase of 3.6 million tpy of LNG for the next 20 years.