CNOOC BEGINS PRODUCTION FROM NATURAL GAS FIELD IN BOHAI SEA

The natural gas project is located in the central Bohai Sea, with an average water depth of approximately 20 m. The main production facilities include one newly built central processing platform, three unmanned wellhead platforms and one gas process terminal.

65 development wells are planned to be commissioned, including 42 production wells, 20 gas injection wells and 3 water source wells. It is expected to achieve a peak production of approximately 37,000 boed in 2024.

Mr. Zhou Xinhuai, CEO and President of the company, said, “The project is the first condensate gas field with a proved in-place volume of over 200 Bcm of natural gas that has been put into operation in Bohai Bay, relying on the Bozhong-Kenli Oilfields Onshore Power Project. The natural gas field will supply stable clean energy to the Beijing-Tianjin-Hebei region and the Bohai Rim region, and contribute to the low-carbon and high-quality development of the Company.”

CNOOC Limited holds 100% interest in this project and acts as the operator.