CNOOC Limited Begins Production at Wushi 17-2 Oilfields
CNOOC Limited, a leading name in the energy industry, has made a significant advancement by commencing production at the Wushi 17-2 Oilfields Development Project. This recent announcement highlights the company's dedication to improving its production capabilities.
Project Details
The Wushi 17-2 project is located in the Beibu Gulf, with an average water depth of around 28 meters. This strategic positioning is anticipated to enhance production efficiency. The project is equipped with crucial infrastructure, including a modern wellhead platform and a fully integrated oil and gas processing terminal.
Projected Production Capacity
As part of this ambitious initiative, a total of 43 development wells are planned. This includes 28 production wells, 14 water-injection wells, and one well designated for appraisal and water sourcing. CNOOC expects to achieve a peak production rate of approximately 9,900 barrels of oil equivalent per day by 2026. The light crude extracted from this site is projected to make a substantial contribution to CNOOC's overall production figures.
Ownership and Management
CNOOC Limited holds a significant 80% stake in the Wushi 17-2 project, taking on the role of operator. This level of ownership not only underscores CNOOC's commitment to managing and developing oilfields but also reflects its strategic market positioning.
About CNOOC Limited
As one of the largest and most impactful oil and gas companies globally, CNOOC Limited is listed on the SEHK under the symbols 00883 (HKD Counter) and 80883 (RMB Counter), as well as SSE: 600938. The company remains at the forefront of the energy sector, continually pursuing growth through innovative projects and sustainable practices.
Contact Information
If you need more information, please feel free to reach out:
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 initiative by CNOOC Limited, located in the Beibu Gulf, aimed at boosting its production capabilities.
What is the expected peak production rate?
CNOOC Limited anticipates reaching a peak production rate of around 9,900 barrels of oil equivalent per day by 2026.
What percentage of the project does CNOOC own?
CNOOC Limited possesses an 80% interest in the Wushi 17-2 project and acts as the operator.
What infrastructure is involved in the project?
The project includes a modern wellhead platform and an oil and gas processing terminal, along with a total of 43 planned wells.
How can someone get more information?
For additional inquiries, individuals can contact the media relations team at CNOOC Limited using the contact details provided.
