CNOOC Ltd mentioned Thursday the Wenchang 16-2 Oilfield Growth Mission within the Pearl River Mouth Basin had began manufacturing.
That is the corporate’s tenth introduced startup offshore China this 12 months, and the sixth within the South China Sea. Together with two initiatives in Brazilian waters, the publicly listed arm of China Nationwide Offshore Oil Corp. has now introduced 12 upstream startups in 2025.
The latest startup is anticipated to succeed in its capability of about 11,200 barrels of oil equal a day in 2027. The oil is gentle crude, in accordance with CNOOC Ltd.
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“The event of the mission primarily leverages the adjoining current amenities of the Wenchang Oilfields, with addition of a brand new jacket platform integrating capabilities equivalent to oil and fuel manufacturing, offshore drilling and completion operations in addition to personnel lodging”, CNOOC Ltd, the only developer, mentioned in a press release on its web site. It plans to develop 15 wells.
The mission has a mean water depth of round 150 meters (492.13 toes), in accordance with the corporate.
CNOOC Ltd earlier put on-line 5 initiatives within the South China Sea this 12 months: the Dongfang 1-1 Fuel Subject 13-3 Block Growth Mission, the Dongfang 29-1 subject, the Panyu 11-12/10-1/10-2 Oilfield Adjustment Joint Growth Mission, the Weizhou 5-3 subject and part II of the Wenchang 19-1 subject.
The opposite Chinese language initiatives it put into manufacturing this 12 months are within the Bohai Sea: part I of the Bozhong 26-6 subject, the Caofeidian 6-4 subject adjustment, part I of the Kenli 10-2 Oilfields Growth Mission and part II of the Luda 5-2 North subject.
Abroad, CNOOC Ltd and its companions fired up Buzios7 within the Buzios subject and Mero4 within the Mero subject. Each fields are in Brazil’s Santos Basin. CNOOC Ltd owns 9.65 p.c in Mero, operated by state-controlled Petroleo Brasileiro SA (Petrobras) with a 38.6 p.c stake. In Buzios, CNOOC Ltd owns 7.34 p.c, whereas operator Petrobras holds 88.99 p.c.
CNOOC Ltd earlier reported a complete web oil and fuel manufacturing within the first half of 2025 of 384.6 million barrels of oil equal, up 6.1 p.c year-on-year with each home and abroad output exceeding historic highs for the six-month interval.
In exploration actions throughout 1H 2025, CNOOC Ltd found Caofeidian 22-3, Jinzhou 27-6 and Weizhou 10-5 South, in addition to efficiently appraised Lingshui 25-1 and Qinhuangdao 29-6. All are offshore China.
Abroad, CNOOC Ltd “continued to extend reserves by superior deepwater exploration in Guyana and signed our first oil contract for exploration in Kazakhstan for a brand new block, additional increasing our abroad exploration potential”, chair Zhang Chuanjiang mentioned.
On August 26 CNOOC Ltd mentioned Indonesia had awarded new manufacturing sharing contracts for 2 blocks the place the corporate owns minority stakes.
“The contracts had been signed for Gaea and Gaea II exploration blocks, that are primarily positioned each onshore and offshore in southern Papua Barat Province, in proximity to the Tangguh LNG mission”, CNOOC Ltd mentioned.
To contact the creator, e-mail jov.onsat@rigzone.com
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