CNOOC Ltd Announces the Startup of Xijiang 23-1

abarrelfullabarrelfull wrote on 28 Aug 2014 06:58
Tags:

Latest News

{"module":"feed\/FeedModule","params":{"src":"http:\/\/killajoules.wikidot.com\/feed\/pages\/pagename\/blog%3A_start\/category\/blog\/limit\/10\/t\/My+Blog","limit":"4","module_body":"* %%linked_title%%"}}
  • Want a weekly review of refining news?

June 24, 2008

CNOOC Limited (the "Company" or “CNOOC Ltd.”; NYSE “CEO”, SEHK “883”) announces today that its new oil field Xijiang (XJ) 23-1 in the South China Sea has successfully started production.

XJ23-1 is located in Block XJ04 in the Pearl River Mouth Basin, about 19 kilometers east of XJ24-3 oil field. Its development facilities contain one platform, one FPSO and 15 producing wells.

Currently, the field is producing approximately 31,000 barrels of oil per day via 10 wells. The other wells will start production in succession. The peak daily production of XJ23-1 is expected to hit 40,000 barrels.

Mr. Liu Jian, Executive Vice President of the Company commented, “XJ23-1 is one of the major projects we are working on in 2008, it is also the third field of the Company which has commenced production this year. The on schedule start-up of XJ23-1 will strengthen our ability to realize this year’s production target as well as to benefit our long-term production growth in the Eastern South China Sea.”

XJ23-1 was discovered in 2003. CNOOC Ltd. holds 100% interest of the field and acts as the operator.

  • [ CNOOC Ltd Announces the Startup of Xijiang 23-1]

Related News

Looking for information on the E&P sector?


Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License