CNOOC and 80883 (RMB Counter) has announced that Wushi 17-2 Oilfields Development Project has commenced production.
The project is located in Beibu Gulf, with an average water depth of approximately 28 ms. The main production facilities include a new wellhead platform and an oil and gas processing terminal. A total of 43 development wells are planned to be commissioned, including 28 production wells, 14 water-injection wells and one appraisal and water source well. It is expected to achieve a peak production of approximately 9900 boe/d in 2026. The oil property is light crude.
CNOOC holds 80% interest in this project and is the operator.