CNOOC brings new fields onstream ahead of schedule
CNOOC has commenced production at the JinZhou 25-1 South (JZ25-1S) and Caofeidian (CFPD)18-2 oil and gas fields in
Bohai Bay ahead of schedule. Another two oil fields BoZhong (BZ) 13-1 and BoZhong 34-1 North (BZ34-1N) started
production in December as planned.
JZ25-1S oil and gas field began its production in mid-December ahead of its scheduled date. It's located in Liaodong
Bay with averaged water depth of about 25 meters.
JZ25-1S is expected to reach its peak production at 2012, with oil production at 20,000 barrels and gas production 53
mm cfpd. The well A18 of JZ 25-1S has been gradually increasing its production to a daily rate of 6,000 barrels of
oil equivalent.
Another two fields, BZ13-1 in the western Bohai Bay and BZ 34-1N in the southern Bohai Bay were also brought on
stream recently as scheduled. The peak production of both fields will be achieved in 2010 at approximately 12,000
barrels of oil equivalent per day.
Mr ChenBi, Executive Vice President and General Manager of TianJin Branch said, "The effective implementation of
newly start up oil fields highlights the company's project management ability. With the outstanding performance of
this area, we believe Bohai Bay will further contribute to the production growth of the company."
All of these fields are independent projects of CNOOC Limited. The company owns 100 % working interest and acts as
the operator.
