CNOOC Ltd. Starts Production from WZ 6-1

abarrelfullabarrelfull wrote on 27 Aug 2014 12:00

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October 30, 2006

CNOOC Limited (NYSE: CEO, SEHK: 883, “the Company") announced today that it has successfully brought on stream Wei Zhou (WZ) 6-1, an independent oilfield in the Western South China Sea. The new field, via two wells, is producing over 2,500 barrels of oil per day currently.

WZ6-1 is located in the Beibu Gulf, about 65 kilometers from Beihai city, Guangxi province. The field, with an average water depth of 35 meters, is also near the producing filed WZ11-4 and WZ12-1.

There’s only one unmanned wellhead platform in WZ6-1 oil field. Its development mainly relied on the facilities and sub-sea pipelines of the adjacent WZ 12-1 oil field.

WZ 6-1 is expected to see 3,700 barrels of oil per day at its peak production.

Mr. Liu Jian, Executive Vice President of the Company commented, ”The successful startup of WZ6-1, a marginal oil field, is a further evidence of the improvement of our ability to develop oil and gas resources. It’s also the Company’s new progress in implementing its rolling exploration strategy on Weixinan Trough in the Beibu Gulf.”

CNOOC Ltd. holds 100% interests of the field.

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