CNOOC announced on July 22 that its own oilfield Suizhong 29-4 in the Bohai Sea area has been successfully put into operation. CNOOC owns 100% of the oilfield and is an operator.
The Suizhong 29-4 oilfield is located in the southern Bohai Sea. The average depth of the oil field is about 22 meters. The development and production operations of the Zhongzhong 29-4 oilfield will mainly rely on the relevant facilities in the production field of Suizhong 28-2 South. The field is expected to achieve a peak production of 7,800 barrels/day during the year.
In early February of this year, CNOOC issued its annual business plan. Its net production target for 2010 is to achieve 275 million to 290 million barrels of oil equivalent at the WTI oil price of 75 US dollars, an increase of 21% to 28% from 2009, and the full-year plan There are 9 new projects put into production. Chen Yi, executive vice president of the company, stated: “The production of Jizhong 29-4 made us more confident in achieving the output target at the beginning of the year, and the company will usher in more new projects during the year.â€
The Suizhong 29-4 oilfield is located in the southern Bohai Sea. The average depth of the oil field is about 22 meters. The development and production operations of the Zhongzhong 29-4 oilfield will mainly rely on the relevant facilities in the production field of Suizhong 28-2 South. The field is expected to achieve a peak production of 7,800 barrels/day during the year.
In early February of this year, CNOOC issued its annual business plan. Its net production target for 2010 is to achieve 275 million to 290 million barrels of oil equivalent at the WTI oil price of 75 US dollars, an increase of 21% to 28% from 2009, and the full-year plan There are 9 new projects put into production. Chen Yi, executive vice president of the company, stated: “The production of Jizhong 29-4 made us more confident in achieving the output target at the beginning of the year, and the company will usher in more new projects during the year.â€
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