CNOOC has commenced production at Huizhou 26-6 Oilfield Development Project in the Peral River Mouth Basin.
A total of 19 development wells are planned to be commissioned, including two oil production wells and 17 gas production wells, said CNOOC on Monday.
The project, with an average water depth of about 110 meters, is expected to achieve a peak production of about 20,600 barrels of oil equivalent per day (boe/d) in 2027. The main products include light crude and natural gas.
Huizhou 26-6 Oilfield Development Project is CNOOC’s first deep buried hill reservoir development project in the South China Sea.
The project’s main production facilities include a new intelligent drilling production platform, as well as the adaptively modified “NAN HAI FEN JIN” FPSO.
The company aims through this project to contribute to the economic and social development of the Guangdong–Hong Kong–Macao Greater Bay Area.