CNOOC Ltd. has started production on Penglai 19-3 oil field block 4 adjustment/Penglai19-9 oil field phase II in the northern Bohai Bay. The project is expected to reach 15,681 b/d peak production in 2022.
The startup is part of the company’s plan to steadily increase its oil and gas reserves and production through 2022 (OGJ Online, Jan. 13, 2020).
The company has plans for 47 wells, including 30 production wells, 16 water injection wells, and 1 development and appraisal well. A newly built wellhead platform will use existing processing facilities in Penglai 19-3. Average water depth is 28 m.
Operator CNOOC has 51% and ConocoPhillips China Inc. has 49%.
