CNOOC Limited holds 100% interest in Bozhong 26-3 oilfield expansion project and acts as the operator
Headquarters of CNOOC in Chaoyangmen neighbourhood of Beijing. (Credit: Daniel Case/Wikipedia.org)
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that Bozhong 26-3 oilfield expansion project has commenced production.
Bozhong 26-3 oilfield expansion project is located in the south of Bohai Sea, with average water depth of about 21 meters. In addition to fully utilizing the existing processing facilities, the project has built a new unmanned wellhead platform and a power platform. A total of 8 development wells are planned, including 5 production wells, 2 water injection wells and 1 development and appraisal well. The project is expected to reach its peak production of approximately 2,670 barrels of crude oil per day in 2021.
CNOOC Limited holds 100% interest in Bozhong 26-3 oilfield expansion project and acts as the operator.
Source: Company Press Release