CNOOC begins production at Liuhua 29-2 gas field in South China Sea

China’s state-owned firm China National Offshore Oil Corporation (CNOOC) has commenced production from the Liuhua 29-2 deepwater gas field located in the eastern South China Sea.

CNOOC serves as operator of the Liuhua 29-2 gas field. Credit: MustangJoe / Pixabay.

Located 300km south-east of Hong Kong in a water depth of approximately 750m, the Liuhua 29-2 gas field includes a new subsea wellhead.

CNOOC said a new subsea wellhead has been built, with one development well planned that will utilise the existing production facilities of Liwan 3-1 gas field and other deepwater gas fields.

The company expects the Liuhua 29-2 gas field to reach peak production of approximately 41 million cubic feet of natural gas per day this year.

CNOOC operates the Liuhua 29-2 gas field with a 100% stake.

The Liwan 3-1 gas field forms part of the Liwan gas project, which is located in licence block 29/26, about 350km south-east of Hong Kong in the Pearl River Mouth Basin.

The $6.5bn Liwan gas project comprises three natural gas fields. These include the Liuhua 34-2 and Liuhua 29-1 in addition to Liwan 3-1.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Offshore Technology.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Husky Energy owns a 49% stake in the Liwan 3-1 and Liuhua 34-2 fields while CNOOC holds the remaining 51% interest.

CNOOC holds a 25% stake in the Liuhua 29-1 gas field, which started production last year. Husky Oil owns the remaining 75% interest in the field.

The Liuhua 29-1 gas field is anticipated to reach peak production of around 62 million cubic feet of natural gas per day in 2022.

According to estimates, the Liwan gas field holds up to six trillion cubic feet of recoverable gas reserves.