New oil fields of CNOOC start production
(Xinhua)
Updated: 2006-10-28 13:05
China National Offshore Oil Company (CNOOC) Ltd. has announced that its new
oil fields started production in Bohai Bay.
By the end of October, 10
wells are expected to start production in the fields with total production of
15,000 barrels of oil per day, said Liu Jian, executive vice president of the
company. Peak production of the fields is expected to reach about six million
barrels of oil per year.
The fields named CFD 11-6/12-1S are located in
Bohai Bay, with average water depth of 22-30 meters. The development facilities
of CFD 11-6/12-1S fields include three wellhead platforms, two of which are
unmanned satellite platforms.
CNOOC holds 51 percent of interests in the
fields. Anadarko, an U.S. oil company, holds 29.18 percent of the interests and
acts as the operator. The other two U.S. companies Newfield Exploration Company
and a subsidiary of Ultra Petroleum, own the remaining 12 percent and 7.82
percent respectively. (For more biz stories, please visit Industry Updates)
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