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CNOOC Commences Production at the Enping 23-1 Oil Fields

Source: www.gulfoilandgas.com 1/17/2017, Location: Asia

CNOOC Limited has announced that the Enping 23-1 oil fields have commenced production.The Enping 23-1 oil fields are located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approx. 90 meters. In addition to fully utilizing the existing facilities of the Enping 24-2 oil field, the Overall Development Program (ODP) of Enping 23-1 project teamed up with Enping 23-2, Enping 23-7 and Enping 18-1 oil fields for regional joint development.

The main production facilities of Enping 23-1, Enping 23-2 and Enping 23-7 oilfields include one platform and 13 producing wells. There are currently three wells producing approx. 5,600 barrels of crude oil per day. The project is expected to reach its ODP designed peak production of approx. 24,800 barrels of crude oil per day in 2018.

The Company holds 100% interest of the oilfields.

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