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CNOOC Limited announces Penglai 19-3 oilfield area 5/10 development project commences production

The project is located in south-central Bohai Sea, with an average water depth of approximately 30 meters.

CNOOC Limited announces Penglai 19-3 oilfield area 5/10 development project commences production

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.

CNOOC Limited holds 51% interest in this project and acts as the operator, while ConocoPhillips China holds the remaining 49% interest.

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.

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