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CNOOC commences production at Bohai Sea plays

12th May 2014

CNOOC have announced that its Kenli 3-2 oilfields have commenced production

CNOOC commences production at Bohai Sea plays
The Kenli 3-2 oilfields, located in the southern Bohai Sea, consists of Kenli 3-2, Bozhong 34-6/7, southern part of Bozhong 29-4 and Bozhong 35-2 oilfields

CNOOC have announced that its Kenli 3-2 oilfields have commenced production.

The Kenli 3-2 oilfields, located in the southern Bohai Sea, consists of Kenli 3-2, Bozhong 34-6/7, southern part of Bozhong 29-4 and Bozhong 35-2 oilfields. The average water depth is approximately 20 meters. The primary production facilities include seven offshore platforms and one onshore oil processing terminal. The peak production of the oilfields is estimated around 35,000 barrels per day.

The company holds 100 per cent interest of the oilfields.

Bohai is the most important crude oil producing area for CNOOC. The crude oil produced in this region is mainly heavy oil. As of the end of 2013, the reserve and daily production volume in Bohai were 1,179.7 million BOE and 413,650 BOE/day, respectively, representing approximately 26.6 per cent and 36.7 per cent of the company’s total reserves and daily production, respectively. The operation area in Bohai is mainly shallow water with a depth of 10 to 30 meters.

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