LogIn LogOut

CNOOC’s South China Sea Oil Field Goes On Stream

January 2, 2025

(Credit: CNOOC)
(Credit: CNOOC)

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream its Panyu 11-12 Oilfield/Panyu 10-1 Oilfield/Panyu 10-2 Oilfield Adjustment joint development project in eastern South China Sea.

The project located at an average water depth of approximately 100 meters. The main production facilities include a new wellhead platform and an unmanned wellhead platform.

According to CNOOC, 15 development wells are planned to be commissioned. The project is expected to achieve a peak production of approximately 13,600 barrels of oil equivalent per day in 2025, with the oil of medium and heavy crude properties.

The new unmanned wellhead platform of the project is equipped with ‘Typhoon Production Mode’ and heavy oil intelligent processing system, which is expected to improve production and operational efficiency.

In addition, the new wellhead platform is connected to the existing platform of Panyu 10-2 through a trestle bridge, so that the oilfields can share facilities and equipment, reducing the development cost. 

Panyu oilfield has produced more than 380 million barrels of crude oil since it commenced production in 2003.

CNOOC holds 100% interest in this project and is the operator.

Current News

Petronas to Retain National Authority After Sarawak Gas Deal

Petronas to Retain National Authority After Sarawak Gas Deal

Yinson Production Scoops $1B Investment to Upscale FPSO Business

Yinson Production Scoops $1B Investment to Upscale FPSO Business

Petronas Greenlights Hidayah Field Development Off Indonesia

Petronas Greenlights Hidayah Field Development Off Indonesia

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

US Operator Finds Oil Offshore Vietnam

US Operator Finds Oil Offshore Vietnam

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Gold set for 3rd straight weekly gain, Trump's policies in focus
Argentina's Milei set to clinch trade surplus record on grains, energy exports
China's 2024 unrefined steel output at five-year short on weak demand
https://accounts.newwavemedia.com