Bonan Fields Commence Production

abarrelfullabarrelfull wrote on 27 Aug 2014 09:16

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November 12, 2004

CNOOC Limited (together with its subsidiaries, the "Company", NYSE: CEO, SEHK: 883) announced today that Bonan fields have come on stream successfully, producing about 4,200 barrels of oil and 1.4 million cubic feet of gas from Bozhong 28-1 and Bozhong 26-2.

Bonan fields are located in the southern part of Bohai Bay in 22 meters of water, 100km from Longkou City. Major production facilities include a single point mooring system (SPM), a floating production, storage and offloading facility (FPSO), two wellhead platforms, an onshore terminal and subsea pipelines.

The Company is the operator with a 100% interest in the project.

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