CNOOC Started Production in Seven Oil and Gas Projects in 2024

Wedoany.com Report-Oct 11，CNOOC Ltd. has begun production in the Bozhong 19-2 Oilfield Development Project in central Bohai Bay, the seventh oil and gas project put onstream by the Chinese state-backed company this year.

The oil and gas explorer and producer expects the project to reach 18,800 barrels of heavy crude per day in peak production in 2025. CNOOC Ltd., majority-owned by China National Offshore Oil Corp. (CNOOC), aims to commission 59 development wells in the project, 34 of which would be for production.

“Smart engineering and standardized construction have remarkably reduced the project’s construction cycle”, CNOOC said in a press release. “It has strongly promoted the efficient development of offshore oil and gas resources and laid a solid foundation for the production growth in the Bohai oilfields, the largest crude oil production base in China”.

Bozhong 19-2 has an average water depth of about 20 meters (65.6 feet). The production facilities include a new central processing platform and four unmanned wellhead platforms. CNOOC Ltd. is the sole owner.

Late last month CNOOC Ltd. put online the Shenhai-1 Phase II Natural Gas Development Project in the northern South China Sea. It expects the Qiongdongnan Basin project to reach 162 million cubic feet and 3,931 barrels of condensate per day in peak production in 2025. CNOOC Ltd. aims to commission 12 development wells in the second-phase project.