Moscow, October 27 - Neftegaz.RU. CNOOC Limited announced that Penglai 19-3 Oilfield Area 5/10 Development Project has commenced production.
The project is located in south-central Bohai Sea, with an average water depth of approximately 30 meters.
The main production facilities include 2 wellhead platforms.
130 development wells are planned to be commissioned, including 87 production wells and 43 water-injection wells.
It is expected to achieve a peak production of approximately 29,800 barrels of crude oil per day in 2027.
To remind, CNOOC reported on October 26 that the Enping 18-6 oilfield development project, located in the Pearl River Mouth Basin of the South China Sea, had begun producing.
The company holds 100% interest in the project and acts as the operator.
CNOOC also recently kicked off production from the Bozhong 28-2 South oilfield second adjustment project in the Bohai Sea.
