CNOOC Ltd., majority held by state-owned China Nationwide Offshore Oil Corp. (CNOOC), mentioned Tuesday it has put onstream a brand new fuel challenge within the Bohai Sea in northern China, anticipating to realize a peak price of 5,800 barrels of oil equal per day (boepd).
CNOOC Ltd. plans 10 growth wells within the Bozhong 19-6 Gasoline Subject 13-2 Block 5 Nicely Web site Growth Undertaking, which sits at a water depth of 23 meters (75.5 ft) within the central a part of the ocean, it mentioned in a press launch.
The corporate, which holds a 100% stake within the challenge, goals to succeed in peak manufacturing in 2026.
Final yr the Bozhong 19-6 Condensate Gasoline Subject Section I Growth Undertaking, which has a declared confirmed reserves of over 100 billion cubic meters (35.3 billion cubic ft), started manufacturing, as introduced by CNOOC Ltd. November 14, 2023.
Anticipating to realize peak manufacturing of 37,000 boepd in 2024, part 1 targets 65 growth wells together with 42 manufacturing ones.
“The challenge is the primary condensate fuel discipline with a proved in-place quantity of over 200 billion cubic meters [70.6 billion cubic feet] pure fuel that has been put into operation in Bohai Bay, counting on the Bozhong-Kenli Oilfields Onshore Energy Undertaking”, CNOOC Ltd. president and chief govt Zhou Xinhuai mentioned in a press release on the time. “The fuel discipline will provide secure clear power to the Beijing-Tianjin-Hebei area and the Bohai Rim area, and contribute to the low-carbon and high-quality growth of the corporate”.
Bohai, which CNOOC Ltd. calls the most important oil manufacturing space in China, is estimated to carry reserves of two billion boe as of the top of 2023, based on the corporate. Bohai averaged 599,847 boe in day by day manufacturing final yr, based on CNOOC Ltd.
The Bozhong 19-6 Gasoline Subject 13-2 Block 5 Nicely Web site Growth Undertaking is the second challenge introduced by CNOOC Ltd. to have been began up this yr. On February 5 it mentioned the Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Growth Undertaking began manufacturing, which is predicted to peak at 30,300 bpd subsequent yr.
“It’s the largest secondary growth and adjustment challenge in offshore China”, CNOOC Ltd. mentioned in a information launch on the time. “Guided by the idea of region-wide growth, the challenge has set instance for the sustainable growth of offshore producing oil and fuel fields.
“Moreover, it’s developed counting on onshore energy provide, which allows the challenge to devour inexperienced electrical energy generated onshore, thus steadily selling the inexperienced and low-carbon growth of offshore oil and fuel sources”.
CNOOC Ltd. plans 118 growth wells together with 81 manufacturing ones on the Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Growth Undertaking, which sits at a water depth of 30 meters (98.4 ft) in Bohai’s Liaodong Bay, based on the corporate.
Moreover the 2 tasks in Bohai now put into manufacturing this yr, CNOOC Ltd. plans to begin up a further two tasks in Bohai in 2024—the Bozhong 19-2 Oilfield Growth Undertaking and the Suizhong 36-2 Oilfied 36-2 Block Growth Undertaking.
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