CNOOC Ltd. has put onstream the Panyu 11-12/10-1/10-2 Oilfield Adjustment Joint Improvement Mission within the South China Sea, its first startup announcement in 2025.
The state-backed oil and gasoline exploration and manufacturing firm expects the undertaking to succeed in about 13,600 barrels of oil equal a day (boed) in peak manufacturing this yr, in line with a press release on CNOOC Ltd.’s web site. It goals to develop 15 wells.
The Panyu oilfield has produced over 380 million barrels of petroleum since coming on-line 2003, in line with CNOOC Ltd., the sphere’s sole developer.
- Advertisement -
“An clever oilfield cluster with digital, clever and unmanned operation has already been established”, the assertion mentioned.
The Panyu 11-12/10-1/10-2 undertaking sits within the japanese a part of the South China Sea. The undertaking has a mean water depth of roughly 100 meters (328.08 toes), in line with CNOOC Ltd., majority-owned by China Nationwide Offshore Oil Corp. (CNOOC).
The undertaking has a brand new wellhead platform and unmanned wellhead platform. The wellhead platform hyperlinks to the prevailing Panyu 10-2 platform through a trestle bridge, CNOOC Ltd. mentioned.
“The brand new unmanned wellhead platform of the undertaking is supplied with ‘Storm Manufacturing Mode’ and heavy oil clever processing system, which may successfully enhance manufacturing security and operation effectivity”, it said.
Final yr CNOOC Ltd. introduced six manufacturing startups within the South China Sea: the Huizhou 26-6 Oilfield Improvement Mission, the Liuhua 11-1/4-1 Oilfield Secondary Improvement Mission, the Shenhai-1 Section II Pure Gasoline Improvement Mission, the Wushi 17-2 Oilfields Improvement Mission, the Wushi 23-5 Oilfields Improvement Mission and the Xijiang 30-2 Oilfield Xijiang 30-1 Block Improvement Mission.
At dwelling, apart from the South China Sea, the Bohai waters additionally noticed 5 startups by CNOOC Ltd. in 2024: the Bozhong 19-2 Oilfield Improvement Mission, the Bozhong 19-6 Gasoline Area 13-2 Block 5 Nicely Web site Improvement Mission, the Jinzhou 23-2 Oilfield Improvement Mission, the Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Improvement Mission and the Suizhong 36-2 Oilfield 36-2 Block Improvement Mission.
Abroad in 2024 CNOOC Ltd. additionally unlocked new manufacturing in Brazil and Canada.
On November 6, 2024, CNOOC Ltd. introduced manufacturing had began on the Lengthy Lake Northwest Mission within the Canadian province of Alberta. It expects the undertaking to realize a peak manufacturing of 8,200 bpd in 2025. CNOOC Petroleum North America ULC, a completely owned subsidiary of CNOOC Ltd., operates the undertaking with a 100% stake.
On October 31, 2024, CNOOC Ltd. and its companions introduced start-up within the third section 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, in line with the house owners.
CNOOC Ltd., via CNOOC Petroleum Brasil Ltda., holds a 9.65 p.c stake. Operator Petróleo Brasileiro SA owns 38.6 p.c, TotalEnergies SE 19.3 p.c, Shell PLC 19.3 p.c, China Nationwide Petroleum Corp. 9.65 p.c and Pré-Sal Petróleo SA 3.5 p.c.
Within the first 9 months of 2024 CNOOC Ltd.’s home output rose 6.6 p.c year-on-year to 369.2 million boe (MMboe), in line with the corporate’s quarterly report printed October 28, 2024.
In the meantime its manufacturing overseas throughout the identical interval grew 12.2 p.c year-over-year to 172.9 MMboe, pushed by the Payara oilfield in Guyana’s Stabroek block.
Complete manufacturing within the first three quarters of 2024 elevated 8.5 p.c to 542.1 MMboe, an organization document for the January–September interval, in line with the quarterly report on CNOOC Ltd.’s web site.
To contact the writer, electronic mail jov.onsat@rigzone.com
