Noble Energy Begins Crude Oil Production In China's Bohai Bay

abarrelfullabarrelfull wrote on 28 Aug 2014 13:22

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Jan. 13th 2003

Noble Energy, Inc. (NYSE: NBL) announced today that it has commenced crude oil production from the Cheng Dao Xi (CDX) field, located in the Bohai Bay off the coast of China.

The production platform is designed to produce approximately 10,000 barrels of oil per day (BOPD). Initial production at a rate of 6,000 BOPD commenced on January 13, 2003 from three wells. Production is expected to reach capacity next month from the platform's 18 wells (11 production wells, 5 injectors, 1 water source and 1 gas well).

Charles D. Davidson, Chairman, President and CEO of Noble Energy, said, "With the start-up of crude oil production in China, we have completed yet another significant international project. Cheng Dao Xi is an attractive component of Noble Energy's global portfolio due to its stable production combined with additional exploitation and development opportunities."

The CDX field is located on the south side of Bohai Bay in approximately 25 feet of water. A five-mile pipeline connects the production platform to existing onshore processing and pipeline infrastructure located in the Shengli oil field.

Noble Energy, through its subsidiary Energy Development Corporation (China), Inc., has a 57 percent working interest in the CDX field. China Petro-chemical Corporation (SINOPEC) is Noble Energy's partner with a 43 percent working interest.

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