CNOOC Launches Innovative Wenchang Oilfield Project for Growth
CNOOC Unveils Wenchang 9-7 Oilfield Development Project
CNOOC Limited proudly announces that the Wenchang 9-7 Oilfield Development Project has entered production. This significant development highlights the company's commitment to efficient energy resources and sustainable practices.
Location and Facilities
The project is strategically located in the Pearl River Mouth Basin, characterized by an average water depth of roughly 120 meters. A pivotal feature of this development is a state-of-the-art drilling and production platform, designed to complement the existing infrastructure in the area.
Production Wells and Goals
As part of the project, plans include commissioning 25 development wells, comprising 18 production wells and 7 gas injection wells. The goal is to reach a plateau production rate of around 12,000 barrels of oil equivalent per day by 2027, utilizing light crude oil that enhances the project's efficiency.
Commitment to Environmental Sustainability
At CNOOC Limited, the philosophy is centered on the sustainable development of offshore oil and gas resources. The initiation of the Wenchang 9-7 Oilfield marks a significant milestone as the first offshore low permeability oilfield to employ miscible gas flooding technology. This innovative approach addresses the challenges of low permeability reservoirs, resulting in enhanced oil recovery.
Efficient Gas Utilization
In pursuit of efficient gas recovery, the project emphasizes the effective utilization of associated gas, establishing a robust gas network across the Wenchang Oilfields. The interconnected pipelines facilitate the recovery of flare gas and waste heat, promoting a vision of 'zero flaring' in the operational processes.
Power Generation and CO2 Reduction
Another groundbreaking feature is the installation of a pioneering 5MW offshore high-temperature flue gas ORC power generation unit. This system is projected to produce up to 40 million kilowatt-hours annually, contributing significantly to the reduction of carbon dioxide emissions by approximately 33,000 tons each year.
Ownership and Operations
CNOOC Limited maintains a full 100% interest in the Wenchang 9-7 Oilfield project and acts as the operator, showcasing the company's significant role in the region's energy landscape.
Frequently Asked Questions
What is the Wenchang 9-7 Oilfield Development Project?
The Wenchang 9-7 Oilfield Development Project is an oil development initiative by CNOOC Limited aimed at enhancing oil and gas production with sustainable practices.
Where is the project located?
It is located in the Pearl River Mouth Basin, featuring an average water depth of approximately 120 meters.
What technologies are being used in this project?
The project utilizes miscible gas flooding technology for low permeability reservoirs, enhancing oil recovery and sustainability.
What are the environmental benefits?
The project aims for 'zero flaring' and significantly reduces carbon emissions through innovative gas recovery and power generation technologies.
Who operates the Wenchang 9-7 Oilfield?
CNOOC Limited operates the oilfield and holds a 100% interest in the project, reflecting the company's integral role in the development.
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