Wenchang 8-3E Oil Field Starts Production

abarrelfullabarrelfull wrote on 02 Jul 2013 13:49
Tags: asia china cnooc upstream

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CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883) announced today that Wenchang 8-3E oil field has recently commenced production.

Wenchang 8-3E oil field is located in the western Pearl River Mouth Basin with an average water depth of about 110-120 meters. The project has 4 producing wells and is expected to reach its peak production within the year.

Wenchang 8-3E is an independent oil field in which the Company holds 100% interest and acts as the Operator.

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