CNOOC Limited Announces Start of Wushi 17-2 Oilfields
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CNOOC Limited Announces Start of Wushi 17-2 Oilfields
CNOOC Limited, a prominent player in the energy sector, has taken a significant leap forward by starting production at the Wushi 17-2 Oilfields Development Project. The announcement, made recently, underscores the company's commitment to enhancing its production capabilities.
Project Overview
The Wushi 17-2 project is situated in the Beibu Gulf at an average water depth of approximately 28 meters. This strategic location is expected to optimize production efficiency. The project features essential infrastructure such as a state-of-the-art wellhead platform and a comprehensive oil and gas processing terminal.
Expected Production Capacity
A total of 43 development wells are set to be commissioned as part of this ambitious project. This includes 28 production wells, 14 water-injection wells, and one well designated for appraisal and water sourcing. The company anticipates reaching a peak production rate of about 9,900 barrels of oil equivalent per day by the year 2026. The light crude from this property is expected to contribute significantly to CNOOC's overall production levels.
Ownership and Operations
CNOOC Limited holds a substantial 80% interest in the Wushi 17-2 project, thereby assuming the role of operator. This level of ownership not only emphasizes CNOOC's dedication to managing and developing oilfields but also highlights its strategic positioning in the market.
About CNOOC Limited
As one of the largest and most influential oil and gas companies, CNOOC Limited, with its stock trading on SEHK under the symbols 00883 (HKD Counter) and 80883 (RMB Counter), as well as SSE: 600938, remains at the forefront of the energy sector. The company continues to pursue growth through innovative projects and sustainable practices.
Contact Information
For more details, feel free to reach out for inquiries:
Media & Public Relations Contact:
Ms. Cui Liu
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441
E-mail: [email protected]
Porda Havas International Finance Communications Group:
Mr. Bunny Lee
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: [email protected]
Frequently Asked Questions
What is the Wushi 17-2 project?
The Wushi 17-2 project is an oilfields development project by CNOOC Limited located in the Beibu Gulf, aiming to enhance its production capabilities.
What is the expected peak production rate?
CNOOC Limited expects to reach a peak production rate of approximately 9,900 barrels of oil equivalent per day by 2026.
What percentage of the project does CNOOC own?
CNOOC Limited holds an 80% interest in the Wushi 17-2 project, serving as the operator.
What infrastructure is involved in the project?
The project includes a new wellhead platform and an oil and gas processing terminal, alongside a total of 43 planned wells.
How can someone get more information?
For further inquiries, individuals can contact the media relations team at CNOOC Limited using the provided contact details.
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