HONG KONG – CNOOC Ltd. has started production from the Caofeidian 11-1/11-6 oilfield comprehensive adjustment project in the Bohai area offshore China.
The project involved construction of two central processing platforms and makes use of the six wellhead platforms and FPSO on the Caofeidian oilfield. Average water depth is 20 to 25 m (66 to 82 ft).
A total of 89 producing wells are planned with 12 wells currently producing. The project is expected to reach its peak production of about 28,700 b/d of crude oil in 2021.
As the operator, the company holds 51% interest in the Caofeidian 11-1 oilfield and 60% interest in the Caofeidian 11-6 oilfield. Brightoil Petroleum (Holdings) Ltd. holds 40.09% interest and 29.18% interest in these two oilfields, respectively. SPC E&P (China) Pte Ltd. holds the remaining interest in these two oilfields.