CNOOC Limited Unveils Major Oil Development Offshore Project

CNOOC Limited Excitedly Launches Production at Kenli 10-2 Project

CNOOC Limited is thrilled to announce the initiation of the Kenli 10-2 Oilfields Development Project (Phase I), marking a significant milestone in offshore oil production.

Overview of the Kenli 10-2 Oilfield Development

The Kenli 10-2 project, situated in the southern region of the Bohai Sea, operates in relatively shallow waters with an average depth of approximately 20 meters. This project boasts a variety of essential production facilities, including a state-of-the-art central platform complemented by two additional wellhead platforms. By leveraging existing nearby infrastructures, this project aims to maximize efficiency.

Production Goals and Techniques

In total, there are plans to develop 79 wells, which incorporate a combination of cold recovery, thermal recovery, and water injection methods. Specifically, there will be 33 cold recovery wells, 24 thermal recovery wells, 21 water injection wells, and one water source well. CNOOC Limited projects that the peak production could reach approximately 19,400 barrels of oil equivalent per day by 2026. The oil extracted will primarily consist of heavy crude, known for its efficiency and value in the energy market.

Innovative Development Approach

Significantly, Kenli 10-2 represents a notable advancement in oil field technology, being the first lithological oilfield to have a verified in-place volume of up to 100 million tons in the shallow depression zone of the Bohai Bay Basin. This accomplishment aligns with CNOOC’s strategic vision of integrating exploration and development while ensuring regional coordination and phased implementations.

Technological Enhancements

This project adopts an innovative approach to development that blends conventional water injection techniques with more advanced thermal methods such as steam huff and puff and steam flooding. The comprehensive platform design is engineered for both conventional and thermal recovery systems, integrating over 240 critical pieces of equipment, solidifying its status as one of the most sophisticated production platforms in the Bohai Sea region.

Company Insights and Future Directions

Mr. Yan Hongtao, the esteemed President of CNOOC Limited, expressed immense pride in the project, stating, "The successful commencement of the Kenli 10-2 project signifies a transformative phase in the development of challenging heavy oil reservoirs. This advancement is essential for the Bohai Oilfield, targeting an annual gross production of 40 million tons while actively pursuing high-quality growth through top-tier operational practices."

CNOOC Limited proudly holds a 100% interest in this essential project and will take the lead as its operator. The company aims to not only enhance production capabilities but also drive advancements in energy sourcing and sustainability practices.

Conclusion

In summary, CNOOC Limited's innovative approach and strategic execution of the Kenli 10-2 Oilfields Development Project marks a promising future for offshore oil production. The complex project's advanced technologies and methodology set a solid foundation for CNOOC Limited's ambitions and growth within the competitive energy sector.

Frequently Asked Questions

What is the significance of the Kenli 10-2 project?

The Kenli 10-2 project marks the commencement of production from the largest shallow lithological oilfield offshore, showcasing innovative oil recovery techniques.

How many wells will be developed in this project?

79 development wells are planned, including cold recovery, thermal recovery, and several water injection wells.

What is CNOOC Limited’s production target for this project?

The project aims for a peak production of around 19,400 barrels of oil equivalent per day by 2026.

What technologies are being used in the Kenli 10-2 project?

The project employs a combination of conventional water injection, steam huff and puff, and steam flooding techniques for enhanced oil recovery.

What role does CNOOC Limited play in this project?

CNOOC Limited holds 100% interest in the project and serves as its operator, driving its development and production initiatives.

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