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CNOOC starts first production from Beibu Gulf platform

Offshore staff

SYDNEY, Australia – Roc Oil (China) Co. reports first production from the WZ 6-12 wellhead platform offshore China in the Beibu Gulf. The A5H and A2 development wells are the first online and three more production wells are anticipated within a few weeks.

The HYSY 931 jackup drilling rig will drill three additional development wells (A8, A9, and A10). The successful A6 and A7 wells, drilled late 2012, will be equipped for production.

A number of completion hook-up and commissioning activities are in progress. On completion, 10 wells will have been drilled from the WZ 6-12 platform and connected to the production system, five more wells than originally contemplated.

The drilling rig is expected to move to WZ12-8 West wellhead platform for the final phase of development drilling during the third quarter.

Production from the Beibu fields will progressively ramp up through the year as batches of development wells are drilled, completed and brought on line.

Participating interests in the Beibu Gulf Development Project are CNOOC, 51.0%; Roc Oil (China) Co., 19.6%; Horizon Oil (Beibu) Ltd and Horizon Oil (Nanhai) LLC1, 26.95%; and Oil Australia Pty Ltd (Majuko Corp), 2.45%.

3/22/13

CNOOC Beibu Gulf area development plan

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