China National Offshore Oil Corporation (CNOOC) has started production at the Kenli 10-1 oilfield in the Bohai Sea, China.
The field’s main production facilities include one central processing platform, two wellhead platforms and 70 producing wells.
Currently, 12 wells are producing 10,750 barrels of crude oil a day.
CNOOC operates and holds a 100% interest in the field, which has an average water depth of 17m.
The company expects the field to reach peak production of around 36,000 barrels a day in 2016.
Earlier this year, CNOOC commenced production at the Jinzhou 9-3 comprehensive adjustment project oilfield in the North Liaodong Bay in Bohai.
The company’s net production target in 2015 is in the range of 475 million barrels of oil equivalent (boe) to 495 million boe.
Production from China and overseas is expected to account for 67% and 33%, respectively.
CNOOC intends to produce 509 million boe in 2016 and 513 million boe in 2017.
The company plans to drill 162 exploration wells, and acquire around 36,000km of 2D seismic data, as well as approximately 14,000km² of 3D seismic data.