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Thursday, November 26, 2020

CNOOC starts production at Luda development project

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China’s state oil company CNOOC has began production at the Luda 21-2/16-3 regional development, located Liaodong Bay of Bohai Sea, about 39 kilometers north of Luda 10-1 oilfield and 90 kilometers northwest of Suizhong 36-1 onshore terminal.

CNOOC said the average water depth of the regional development project is about 25 meters. The project has built 1 central platform, 3 wellhead platforms and 1 production adjective platform.

A total of 69 development wells are planned and CNOOC said the project is expected to reach its peak production of approximately 25,600 barrels of crude oil per day in 2022.

CNOOC Limited holds 100% interest in the Luda 21-2/16-3 regional development project.

CNOOC lifted its first 1 million barrels of Liza crude from Guyana’s offshore Liza Phase 1 Development project earlier this year.

The company has a 25% stake in the 6.6 million acres Stabroek block as part of a consortium with operator ExxonMobil and U.S. firm Hess.

Over 8 billion barrels of oil equivalent resources have been discovered so far at the Stabroek Block spanning a record 16 discoveries since May 2015.

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