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CNOOC Bozhong 19-2 Oilfield Development Project Commences Production
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The Bozhong 19-2 Oilfield Development Project located in central Bohai Bay has commenced production, according to CNOOC (00883.HK)'s announcement. The average water depth of the project is about 20 meters. The main production facilities include a new central processing platform and 4 new unmanned wellhead platforms. A total of 59 development wells are planned to be commissioned, including 34 production wells and 25 water-injection wells. The project is expected to achieve a peak production of approx. 18,800 barrels of crude oil per day in 2025. The oil property is heavy crude. AAStocks Financial News |
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