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Sunday, December 10, 2023

Chinese Giant CNOOC Begins Production At New Offshore Gas Field

Chinese state-controlled oil and gas giant CNOOC has actually begun production from the very first advancement stage of its Bozhong 19-6 overseas condensate gas field, the business stated on Tuesday.

The field in the main Bohai Sea offshore eastern China has a typical water depth of around 20 meters (66 feet).

The primary production centers consist of one newly-built main processing platform, 3 unmanned wellhead platforms, and one gas procedure terminal, stated the business, which prepares an overall of 65 advancement wells, consisting of 42 production wells, 20 gas injection wells, and 3 water source wells.

Stage among the Bozhong 19-6 field is anticipated to reach peak production of around 37,000 barrels of oil comparable each day (boepd) next year.

” The job is the very first condensate gas field with a proven in-place volume of over 200 billion cubic meters gas that has actually been taken into operation in Bohai Bay, counting on the Bozhong-Kenli Oilfields Onshore Power Task,” stated CNOOC president and CEO Zhou Xinhuai.

The gas field is prepared to provide steady tidy energy to the Beijing-Tianjin-Hebei area and the Bohai Rim area, the executive included.

CNOOC and other Chinese state-held energy majors have actually stepped up expedition and production efforts in the last few years as China aims to enhance its domestic oil and gas production.

Last month, CNOOC raised its capital investment spending plan for this year to a record high to support development in its reserves and production.

Likewise last month, the business revealed the discovery of what Chinese media are describing as a big, deep-reservoir coalbed methane field with tested geological reserves of over 100 billion cubic meters (bcm) of gas. A discovery of this magnitude represents CNOOC’s 2nd significant onshore gas discovery, which is being declared as a significant action towards broadening China’s non-traditional production.

CNOOC and Sinopec have actually revealed other big overseas and onshore discoveries in China in current months.

By Tsvetana Paraskova for Oilprice.com

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