CNOOC starts oil production from Panyu development in South China Sea

CNOOC has produced first oil from its Panyu 10-2/5/8 project in the Pearl River Mouth basin of the South China Sea.

Jul 31st, 2014

Offshore staff

HONG KONGCNOOC has produced first oil from its Panyu 10-2/5/8 project in the Pearl River Mouth basin of the South China Sea.

This takes in the Panyu 10-2, Panyu 10-5 and Panyu 10-8 fields, and was designed to share some of the existing facilities at thePanyu 4-2 oil field. Water depth is around 100 m (328 ft).

The main new facilities include one wellhead platform and nine production wells. Currently four wells are producing around 9,000 b/d. Output is expected to build to a peak of 13,000 b/d in 2015.

CNOOC has a 100% interest in the development.

07/31/2014

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