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Two New Oilfields Start Production Successfully

Pubdate:2013-10-22 09:14 Source:zhanghaiyan Click:

On October 17, CNOOC Limited announced that Wenchang 19-1 North and Weizhou 12-8 West oilfields have recently commenced production.

Wenchang 19-1 North oilfield is located in the western Pearl River Mouth Basin with an average water depth of about 120-130 meters. This oilfield has 3 producing wells and is expected to reach its peak production within the year.

Wenchang 19-1 North is an independent oilfield in which the company holds 100% interest and acts as the Operator.

Weizhou 12-8 West oilfield is located in Beibu Gulf Basin in the southwest part of the South China Sea with an average water depth of about 34meters. This oilfield has 5 producing wells and is expected to reach its peak production within the year.

The company holds 51% interest and acts as the Operator of Weizhou 12-8 West oilfield. The partners of this oil field are Roc Oil (China) Company, Horizon Oil (Beibu) Ltd. and Oil Australia Pty Ltd.