China’s CNOOC has announced the commencement of production for the Lufeng Oilfields Phase II Development Project.

This project, located in the eastern South China Sea, has an average water depth of 136 meters and includes the Lufeng 8-1, Lufeng 9-2, and Lufeng 14-8 oilfields.

The company has built a new drilling platform and plans to put 14 development wells into production, including 13 production wells and 1 water-injection well. It is estimated that the project will reach a peak production of 22,600 barrels of crude oil per day in 2025.

Notably, CNOOC holds a 100% interest in this project and is also the operator.