In a press release posted on its web site on March 18, CNOOC Restricted introduced that it has made a “main” oilfield discovery within the Bohai Sea, which the corporate stated “provides over 100 million tons of oil equal proved in-place quantity”.
The Qinhuangdao 27-3 oilfield discovery has a median water depth of roughly 25 meters, in line with the assertion, which outlined that the discover’s fundamental oil-bearing play is the Minghuazhen Formation of Neogene and that the oil property is medium-heavy crude.
The QHD27-3-3 discovery effectively of Qinhuangdao 27-3 was drilled and accomplished at a depth of 1,570 meters and encountered a complete of 48.9 meters of oil pay zones, the assertion revealed. CNOOC famous within the assertion that the sector has been examined to provide roughly 742 barrels of crude oil per day from a single effectively.
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Via continued exploration, the proved in-place quantity of the Qinhuangdao 27-3 oilfield has reached 104 million tons of oil equal, CNOOC stated within the assertion.
Xu Changgui, the Deputy Chief Exploration Officer of the corporate, stated within the assertion, “Qinhuangdao 27-3 oilfield is one other main discovery with proved-in place quantity over 100 million tons that we made within the north-central Bohai Sea in a decade”.
“The profitable discovery of the oilfield additional demonstrates the oil and fuel exploration potential within the sophisticated strike-slip fault zones of the Bohai Sea,” Changgui added.
Zhou Xinhuai, the CEO and President of CNOOC, stated within the assertion, “through the years, now we have been persevering with to make new discoveries within the Bohai Sea, which additional develop the useful resource base for offshore oil manufacturing development”.
“CNOOC Restricted will concentrate on growing reserves and manufacturing, to reinforce our power provide capability, thereby contributing to the sustainable improvement of the financial system and society,” Xinhuai added.
In a separate assertion posted on its website earlier this month, CNOOC introduced that it had made a “main” oilfield discovery within the deepwater, deep-play of the South China Sea – the Kaiping South oilfield.
That discover provides over 100 million tons of oil equal proved in-place quantity, in accordance CNOOC, which outlined in that assertion that the KP18-1-1d discovery effectively of Kaiping South was drilled and accomplished at a depth of three,462 meters and encountered a complete of 100.6 meters oil and fuel pay zones.
The effectively was examined to provide a median of roughly 7,680 barrels of crude oil and 0.52 million cubic ft of pure fuel per day, CNOOC famous in that assertion, including that, by means of continued exploration, the proved in-place quantity of Kaiping South has reached 102 million tons of oil equal.
“Kaiping South Oilfield is China’s first deepwater and deep-play oilfield with proved in-place quantity over 100 million tons,” Changgui stated in that assertion.
In a press release posted on its website on January 26, which centered on the corporate’s enterprise technique and improvement plan for 2024, CNOOC stated it strives to seek for giant and medium-sized oil and fuel fields, and that it “continues to strengthen the useful resource base for growing reserves and manufacturing”.
CNOOC added in that assertion that, in 2024, “a number of high-quality initiatives might be introduced on stream”.
The corporate has introduced the manufacturing start-up of a number of initiatives on its website to this point in 2024. On January 2, the corporate revealed that the Mero2 venture offshore Brazil had commenced output, on January 3 it introduced that the Lufeng Oilfields Section II Growth Undertaking had commenced manufacturing, and on February 5 it revealed that the Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Growth Undertaking had began output.
The manufacturing capability of the Mero2 venture is 180,000 barrels of crude oil per day, in line with CNOOC, which revealed that the Lufeng venture is predicted to attain a peak manufacturing of roughly 22,600 barrels of crude oil per day in 2025, and that the Suizhong venture is predicted to attain a peak manufacturing of roughly 30,300 barrels of crude oil per day subsequent yr.
CNOOC (China Nationwide Offshore Oil Company) describes itself as the most important offshore oil and fuel producer in China. On its website, the corporate notes that it was established as a “state-owned mega firm” with the approval of the State Council on February 15, 1982.
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