CNOOC Limited Completes Phase II of Luda 5-2 North Development

CNOOC Limited Initiates Production at Luda 5-2 North Oilfield

CNOOC Limited, a leading player in the offshore oil industry, has proudly announced the commencement of production at the Luda 5-2 North Oilfield Phase II Development Project. This significant milestone highlights the company's dedication to advancing energy production capabilities. The project signifies a critical step in China’s energy landscape, particularly focusing on ultra-heavy oil extraction.

Overview of the Development Project

The Luda 5-2 North Oilfield Phase II has become operational in the Bohai Sea, characterized by an average water depth of about 30 meters. The project involves crucial infrastructure, including a new auxiliary production platform alongside a production wellhead platform. With an ambitious plan for 29 development wells, the project aims to establish a robust operation consisting of 28 production wells and one water source well.

Production Goals and Expectations

Excitement surrounds the forecasted peak production capacity of approximately 6,700 barrels of oil equivalent per day set for 2026. The operation primarily focuses on the extraction of heavy crude oil, which has become a vital resource in meeting growing energy demands.

Technological and Operational Breakthroughs

The Luda 5-2 North Oilfield is noted for its advanced techniques in extracting super heavy oil through thermal recovery, marking a pioneering achievement for China. The earlier phase of this project, Phase I, commenced in 2022, setting a precedential path. The innovations introduced by CNOOC Limited have significantly enhanced operational efficiency and productivity in offshore heavy crude extraction.

Environmentally Responsible Techniques

Utilizing state-of-the-art Jet Pump Injection-Production Technology, the Phase II Project emphasizes the company's commitment to environmentally sustainable practices. This technology optimizes the extraction process to ensure not only efficiency but also a responsible approach to resource management, paving the path for future endeavors in sustainable energy production.

Company's Commitment to Growth

CNOOC Limited maintains a 100% ownership stake in the Luda 5-2 North Oilfield, further solidifying its position as the operator. The company’s focus on leveraging innovative technologies aligns with its mission to expand its energy supply capabilities while adhering to environmental standards.

Looking Ahead

As CNOOC Limited drives forward with the Luda 5-2 North Oilfield Phase II Development, stakeholders can anticipate a transformative impact on the region’s oil production landscape. This project not only reinforces CNOOC’s position in the market but also contributes to the broader objectives of energy security and market stability.

Frequently Asked Questions

What is the Luda 5-2 North Oilfield Phase II Development Project?

The Luda 5-2 North Oilfield Phase II Development Project is an offshore oil extraction initiative located in the Bohai Sea, focusing on production from heavy crude reservoirs.

When did production commence for this oilfield?

Production for the Luda 5-2 North Oilfield Phase II officially commenced recently, following the successful implementation of development activities.

What technology is being utilized in this project?

The project employs Jet Pump Injection-Production Technology, enabling efficient heavy crude extraction while maintaining environmental integrity.

What is the expected peak production rate for this project?

The Luda 5-2 North Oilfield is projected to achieve a peak production rate of approximately 6,700 barrels of oil equivalent per day by 2026.

How does CNOOC Limited ensure sustainable extraction practices?

CNOOC Limited emphasizes sustainable extraction through innovative technologies and regulatory compliance aimed at reducing environmental impact and promoting responsible resource management.

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