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June 12, 2020

CNOOC starts production of Qinhuangdao 33-1S oilfield in Bohai Bay

China’s state-owned offshore oil and gas firm CNOOC has started production from its Qinhuangdao 33-1S oil field phase I in the Bohai Bay offshore China.

By Himaja Ganta

China’s state-owned offshore oil and gas firm CNOOC has started production from its Qinhuangdao 33-1S oil field phase I in the Bohai Bay offshore China.

Qinhuangdao 33-1S is located in central and western Bohai in a water depth of approximately 21m.

CNOOC holds a 100% interest in the oil field and serves as the operator.

Announcing the project start-up, CNOOC noted that it has built one wellhead platform in addition to fully utilising the existing facilities of Qinhuangdao 33-1 and Qinhuangdao 32-6 oil fields.

According to CNOOC, a total of 13 producing wells are planned for the project. This includes nine production wells and four water injection wells.

The company expects the project to reach its peak production of 6,000bpd of crude oil next year.

Last month, CNOOC started production from the Penglai 19-3 oilfield area 4 adjustment / Penglai 19-9 oilfield phase II project located offshore China.

This April, CNOOC lowered its planned capital expenditure (Capex) and production guidance for 2020. It said the move will strengthen it to face the Covid-19 pandemic.

In March, CNOOC made a Kenli 6-1 discovery in Bohai Bay, which the company believes is the first large-sized oil field in the Laibei lower uplift. This is in the southern area of the Bohai basin.

In March 2015, oil production started at the Qinhuangdao 32-6 comprehensive adjustment project in China.

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