CNOOC Ltd. has put onstream the Lengthy Lake Northwest Undertaking within the Canadian province of Alberta, anticipating to attain a peak manufacturing of 8,200 barrels of crude oil per day (bpd) subsequent 12 months.
The mission’s manufacturing amenities embrace a brand new properly pad and 4 pipelines, the state-backed oil and gasoline exploration and manufacturing firm stated in a press release.
“It is going to be developed with steam-assisted gravity drainage operation and eight properly pairs are deliberate to be commissioned”, added the net assertion.
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CNOOC Petroleum North America ULC, a completely owned subsidiary of CNOOC Ltd., operates the mission with a one hundred pc stake.
CNOOC Ltd., majority-owned by China Nationwide Offshore Oil Corp. (CNOOC), started manufacturing within the Lengthy Lake oil sands, south of Fort McMurray, in 2008. Final 12 months CNOOC Ltd.’s Lengthy Lake manufacturing averaged about 61,000 barrels of oil equal (boe), in keeping with data on the corporate’s web site.
Elsewhere in Canada, CNOOC Ltd. owns a 7.23 % curiosity within the Syncrude oil sands mission, which contributed round 19,000 boe web to the corporate’s manufacturing in 2023. It additionally has a 25 % stake within the Hangingstone oil sands mission.
CNOOC Ltd. has now achieved practically a dozen upstream startups this 12 months, principally within the South China Sea.
On October 31 CNOOC Ltd. and its companions introduced manufacturing had commenced within the third part of the Mero oilfield within the Santos Basin offshore Brazil. Mero3 has a manufacturing capability of 180,000 bpd, which is able to increase the sphere’s put in capability to 590,000 bpd.
CNOOC Ltd, via CNOOC Petroleum Brasil Ltda., owns a 9.65 % stake. Operator Petróleo Brasileiro SA holds 38.6 %, TotalEnergies SE 19.3 %, Shell PLC 19.3 %, China Nationwide Petroleum Corp. 9.65 % and Pré-Sal Petróleo SA 3.5 %.
At residence CNOOC Ltd. put on-line 5 initiatives within the South China Sea and three within the Bohai space of the Yellow Sea in 2024.
Within the South China Sea, the brand new manufacturing property are the Liuhua 11-1/4-1 Oilfield Secondary Growth Undertaking, the Shenhai-1 Section II Pure Fuel Growth Undertaking, the Wushi 17-2 Oilfields Growth Undertaking, the Wushi 23-5 Oilfields Growth Undertaking and the Xijiang 30-2 Oilfield Xijiang 30-1 Block Growth Undertaking.
The brand new manufacturing property within the Yellow Sea are the Bozhong 19-2 Oilfield Growth Undertaking, the Bozhong 19-6 Fuel Subject 13-2 Block 5 Nicely Website Growth Undertaking and the Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Growth Undertaking.
Amid the flurry of startups CNOOC Ltd.’s home output within the first 9 months rose 6.6 % year-on-year to 369.2 million boe (MMboe), significantly pushed by Bozhong 19-6 and Enping 20-4, in keeping with the corporate’s quarterly report revealed October 28.
Abroad, CNOOC Ltd.’s manufacturing within the first three quarters of 2024 elevated 12.2 % year-over-year to 172.9 MMboe, pushed by the Payara oilfield in Guyana’s Stabroek block.
Complete manufacturing grew 8.5 % to 542.1 MMboe, setting an organization file for the January–September interval.
To contact the writer, e-mail jov.onsat@rigzone.com
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