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CNOOC Limited Announces Qinhuangdao 33-1S Oilfield Phase I Project Commences Production

AI Summary

CNOOC Limited announced that Qinhuangdao 33-1S oilfield phase I project has commenced production.

Qinhuangdao 33-1S oilfield is located in central and western Bohai with an average water depth of 21 meters. The project has built one wellhead platform in addition to fully utilizing the existing facilities of Qinhuangdao 33-1 oilfield and Qinhuangdao 32-6 oilfield.

A total of 13 producing wells are planned, including 9 production wells and 4 water injection wells. The project is expected to reach its peak production of approximately 6,000 barrels of crude oil per day in 2021.

CNOOC Limited holds 100% interest of Qinhuangdao 33-1S oilfield and acts as the operator.

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