New fields CFD 11-3/5 on stream in Bohai Bay
Posted: 9 November 2005
CNOOC Limited reported it has achieved initial production from the Caofeidian (CFD) 11-3/5 fields in block 04/36 in Bohai Bay.
Using an unmanned facility, the fields are producing at the peak capacity of 13,800 barrels of oil per day currently.
CFD11-3/5 fields are located in the western Bohai Bay in an average water depth of about 25 meters.
To further enhance the economics of the fields, the development is combined with CFD 11-1 and CFD 11-2.
“We are satisfied with the cost effective development of CFD 11-3/5," said Mr. Liu Jian, Executive Vice President of the Company.
"The successful completion of the fields is an excellent example of our cooperation with international partners.”
The Company holds a 51 per cent interest of the fields. Kerr-McGee is the operator with a 40 per cent interest. Sino American Energy Corp., a subsidiary of Ultra Petroleum, is another partner with 9 per cent interest.
For more information see www.cnooc.com.cn
Posted by Richard Price, Editor, EnergyME.com
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