CNOOC Limited today announced that the Penglai 19-3 Oilfield Area 5/10 Development Project has commenced production.

The project is located in south-central Bohai Sea, with an average water depth of approximately 30 meters. The main production facilities include 2 wellhead platforms. 130 development wells are planned to be commissioned, including 87 production wells and 43 water-injection wells. It is expected to achieve a peak production of approximately 29,800 barrels of crude oil per day in 2027.

CNOOC Limited holds 51% interest in this project and acts as the operator, while ConocoPhillips China holds the remaining 49% interest.

In a separate announcement, the company reported that the Enping 18-6 Oilfield Development Project has commenced production.

This project is located in the Pearl River Mouth Basin of the South China Sea, with an average water depth of approximately 99 meters. The main production facilities include one wellhead platform, with 15 development wells planned to be put into production. It is expected to achieve a peak production of approximately 9,300 barrels of crude oil per day in 2024.

CNOOC Limited holds 100% interest in the project and acts as the operator.

KeyFacts Energy: CNOOC China country profile