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China brings major oilfield in Bohai Sea into production
China brings major oilfield in Bohai Sea into production

Emirates 24/7

time22-07-2025

  • Business
  • Emirates 24/7

China brings major oilfield in Bohai Sea into production

China National Offshore Oil Corporation (CNOOC) announced Tuesday that a newly developed oilfield in the Bohai Sea has started production, marking a significant step in the country's offshore energy exploration. The Kenli 10-2 oilfield, located in the southern waters of the Bohai Sea, is the largest lithologic oilfield discovered in China's offshore areas, with proven geological reserves exceeding 100 million tonnes. The initial phase of development will involve the production of 79 development wells, with an anticipated peak daily output of 3,000 tonnes of oil and gas equivalent. The oil field will also have a second phase of development. The oilfield lies in waters about 20 metres in depth, but presents substantial technical challenges due to its complex heavy oil composition. To overcome the obstacles, CNOOC created a sophisticated reservoir development technology system specifically tailored for heavy oil extraction. Cai Hui, a CNOOC expert, stated that the system enables the precise mapping of underground reservoir structures and allows for targeted high-temperature steam injection to enhance oil extraction. "The successful launch of Phase I of the Kenli 10-2 oilfield cluster marks a new era in the development of complex offshore heavy oil reservoirs in China," said Yan Hongtao, Vice President of CNOOC. "It is a key step toward our annual production target of 40 million tonnes from the Bohai oilfields this year." Follow Emirates 24|7 on Google News.

CNOOC Limited Brings On-stream Kenli 10-2 Oilfields Development Project (Phase I)
CNOOC Limited Brings On-stream Kenli 10-2 Oilfields Development Project (Phase I)

Korea Herald

time22-07-2025

  • Business
  • Korea Herald

CNOOC Limited Brings On-stream Kenli 10-2 Oilfields Development Project (Phase I)

HONG KONG, July 22, 2025 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Kenli 10-2 Oilfields Development Project (Phase I) has commenced production, marking the production start-up of the largest shallow lithological oilfield offshore China. The project is located in southern Bohai Sea, with an average water depth of about 20 meters. The main production facilities include a new central platform and 2 wellhead platforms, which leverages the adjacent existing facilities for development. 79 development wells are planned to be commissioned, including 33 cold recovery wells, 24 thermal recovery wells, 21 water injection wells and 1 water source well. The project is expected to achieve a peak production of approximately 19,400 barrels of oil equivalent per day in 2026. The oil property is heavy crude. Kenli 10-2 Oilfield is the first lithological oilfield with proved in-place volume of 100 million tons discovered in the shallow depression zone of the Bohai Bay Basin. It is developed in two phases under the strategy of "exploration and development integration, regional coordination, and phased implementation." CNOOC Limited has adopted an innovative combined development approach of "conventional water injection + steam huff and puff + steam flooding", providing strong technical support for the efficient utilization of oil reserves. The project's platform integrates both conventional cold production and thermal recovery systems, and is equipped with over 240 sets of key equipment. It is one of the most complex production platforms in the Bohai region and the first large-scale thermal recovery platform for heavy oil in southern Bohai Sea. Mr. Yan Hongtao, President of the Company, said, "The successful commencement of production of this project marks a new stage in the development of complicated heavy oil reservoirs offshore China. It will strongly support the Company's Bohai Oilfield to achieve the annual gross production target of 40 million tons, contributing to the Company's high-quality development through high-level operations." CNOOC Limited holds 100% interest in this project and is the operator. — End — Notes to Editors: More information about the Company is available at *** *** *** *** This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company's price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations. *** *** *** *** For further enquiries, please contact: Ms. Cui Liu Media & Public Relations CNOOC Limited Tel: +86-10-8452-6641 Fax: +86-10-8452-1441 E-mail: mr@

CNOOC Limited Brings On-stream Kenli 10-2 Oilfields Development Project (Phase I)
CNOOC Limited Brings On-stream Kenli 10-2 Oilfields Development Project (Phase I)

Malaysian Reserve

time21-07-2025

  • Business
  • Malaysian Reserve

CNOOC Limited Brings On-stream Kenli 10-2 Oilfields Development Project (Phase I)

HONG KONG, July 21, 2025 /PRNewswire/ — CNOOC Limited (the 'Company', SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Kenli 10-2 Oilfields Development Project (Phase I) has commenced production, marking the production start-up of the largest shallow lithological oilfield offshore China. The project is located in southern Bohai Sea, with an average water depth of about 20 meters. The main production facilities include a new central platform and 2 wellhead platforms, which leverages the adjacent existing facilities for development. 79 development wells are planned to be commissioned, including 33 cold recovery wells, 24 thermal recovery wells, 21 water injection wells and 1 water source well. The project is expected to achieve a peak production of approximately 19,400 barrels of oil equivalent per day in 2026. The oil property is heavy crude. Kenli 10-2 Oilfield is the first lithological oilfield with proved in-place volume of 100 million tons discovered in the shallow depression zone of the Bohai Bay Basin. It is developed in two phases under the strategy of 'exploration and development integration, regional coordination, and phased implementation.' CNOOC Limited has adopted an innovative combined development approach of 'conventional water injection + steam huff and puff + steam flooding', providing strong technical support for the efficient utilization of oil reserves. The project's platform integrates both conventional cold production and thermal recovery systems, and is equipped with over 240 sets of key equipment. It is one of the most complex production platforms in the Bohai region and the first large-scale thermal recovery platform for heavy oil in southern Bohai Sea. Mr. Yan Hongtao, President of the Company, said, 'The successful commencement of production of this project marks a new stage in the development of complicated heavy oil reservoirs offshore China. It will strongly support the Company's Bohai Oilfield to achieve the annual gross production target of 40 million tons, contributing to the Company's high-quality development through high-level operations.' CNOOC Limited holds 100% interest in this project and is the operator. — End — Notes to Editors: More information about the Company is available at *** *** *** *** This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words 'expect', 'anticipate', 'continue', 'estimate', 'objective', 'ongoing', 'may', 'will', 'project', 'should', 'believe', 'plans', 'intends' and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company's price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations. *** *** *** *** For further enquiries, please contact: Ms. Cui LiuMedia & Public RelationsCNOOC LimitedTel: +86-10-8452-6641Fax: +86-10-8452-1441E-mail: mr@ Mr. Cheng YaoEver Bloom (HK) Communications Consultants Group LimitedTel: +852 5540 0725Fax: +852 2111 1103Email:

Production starts at Bohai Bay oilfield in China
Production starts at Bohai Bay oilfield in China

Yahoo

time09-02-2025

  • Business
  • Yahoo

Production starts at Bohai Bay oilfield in China

China National Offshore Oil Corporation (CNOOC) has started phase one production at the Bozhong 26-6 oilfield development project in central Bohai Bay. CNOOC holds a 100% interest and operates the project, said to be the largest metamorphic rock oilfield in the world. A new central processing platform and an unmanned wellhead platform are the main production facilities. The development plan for the oilfield, which is in an average water depth of around 20m, includes the commissioning of 33 wells, comprising 22 production wells, ten gas injection wells and one water source well. The field is expected to reach peak production of approximately 22,300 barrels of oil equivalent per day (boepd) by 2025. The oil extracted is categorised as light crude. The Bozhong 26-6 oilfield contains more than 200 million cubic metres of cumulative proven oil and gas in-place. CNOOC said it has implemented standardised engineering to undertake the project, resulting in a shortened timeline from discovery to production of just three years. The Bozhong 26-6 project employs advanced technology to capture and separate CO₂ produced during oil extraction. This CO₂ is then reinjected into the formation to enhance oil recovery while simultaneously reducing emissions. Over its lifetime, the project is expected to sequester approximately 1.5 million tonnes of CO₂. CNOOC president Yan Hongtao said: "The successful commencement of production of Bozhong 26-6 Oilfield Development Project (Phase I) marks a new stage for the company in the development of offshore deep play complicated buried hill oil and gas reservoirs as well as the construction of the Bohai CCUS base. 'It bolsters the company's energy supply capacity and low-carbon development in the Beijing-Tianjin-Hebei and Bohai Rim regions." In January 2025, CNOOC commenced production at the Dongfang 29-1 gas field development project in the South China Sea. The project is expected to reach peak production of 38 million cubic metres of natural gas per day this year. "Production starts at Bohai Bay oilfield in China" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

Production starts at Bohai Bay oilfield in China
Production starts at Bohai Bay oilfield in China

Yahoo

time07-02-2025

  • Business
  • Yahoo

Production starts at Bohai Bay oilfield in China

China National Offshore Oil Corporation (CNOOC) has started phase one production at the Bozhong 26-6 oilfield development project in central Bohai Bay. CNOOC holds a 100% interest and operates the project, said to be the largest metamorphic rock oilfield in the world. A new central processing platform and an unmanned wellhead platform are the main production facilities. The development plan for the oilfield, which is in an average water depth of around 20m, includes the commissioning of 33 wells, comprising 22 production wells, ten gas injection wells and one water source well. The field is expected to reach peak production of approximately 22,300 barrels of oil equivalent per day (boepd) by 2025. The oil extracted is categorised as light crude. The Bozhong 26-6 oilfield contains more than 200 million cubic metres of cumulative proven oil and gas in-place. CNOOC said it has implemented standardised engineering to undertake the project, resulting in a shortened timeline from discovery to production of just three years. The Bozhong 26-6 project employs advanced technology to capture and separate CO₂ produced during oil extraction. This CO₂ is then reinjected into the formation to enhance oil recovery while simultaneously reducing emissions. Over its lifetime, the project is expected to sequester approximately 1.5 million tonnes of CO₂. CNOOC president Yan Hongtao said: "The successful commencement of production of Bozhong 26-6 Oilfield Development Project (Phase I) marks a new stage for the company in the development of offshore deep play complicated buried hill oil and gas reservoirs as well as the construction of the Bohai CCUS base. 'It bolsters the company's energy supply capacity and low-carbon development in the Beijing-Tianjin-Hebei and Bohai Rim regions." In January 2025, CNOOC commenced production at the Dongfang 29-1 gas field development project in the South China Sea. The project is expected to reach peak production of 38 million cubic metres of natural gas per day this year. "Production starts at Bohai Bay oilfield in China" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

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