Enping 24-2 Oilfield Commences Production

abarrelfullabarrelfull wrote on 12 Dec 2014 13:44
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October 13, 2014

CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that its Enping 24-2 oilfield has commenced production.

Enping 24-2 oilfield is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 86~96 meters. The main production facilities include one drilling and production platform, one floating production storage and offloading unit (FPSO) and 17 producing wells. Currently there are 2 wells producing approximately 8,000 barrels of crude oil per day, and the project is expected to reach its peak production of approximately 40,000 barrels per day in 2017.

Enping 24-2 is an independent oilfield which the Company holds 100% interest and acts as the operator.

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