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CNOOC launches production at Panyu 10-2/5/5 project offshore China

31st July 2014

CNOOC Limited announced that its Panyu 10-2/5/8 project has commenced production in the South China Sea

CNOOC launches production at Panyu 10-2/5/5 project offshore China
Currently there are four wells producing approximately 9,000 barrels per day, and the project is expected to hit its peak production of approximately 13,000 barrels per day in 2015

Panyu 10-2/5/8 project is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 100 metres.

This project includes three oilfields, Panyu 10-2, Panyu 10-5 and Panyu 10-8 and was designed to share some facilities of Panyu 4-2 oilfield.

The main newly-built production facilities include one wellhead platform and nine producing wells.

Currently there are four wells producing approximately 9,000 barrels per day, and the project is expected to hit its peak production of approximately 13,000 barrels per day in 2015.

Panyu 10-2/5/8 is an independent project in which the company holds 100 per cent interest.

CNOOC also launched production at its East China Sea Lishui 36-1 project earlier in the week, read about that here

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