China National Offshore Oil Corporation (CNOOC) has started production at the Xijiang 24-1 district joint development project.
The Huizhou 25-8 oil field/Xijiang 24-3 oil field project, located in the Pearl River Mouth Basin of the South China Sea, lies in an average water depth of about 100m.
Main production facilities include two drilling and production platforms and 29 producing wells.
Four wells are currently producing about 6,300 barrels of crude oil per day, with the project estimated to reach peak production of approximately 33,000 barrels per day in 2016.
CNOOC has a 100% equity interest and acts as the operator of the project.
Phillips China originally operated the Xijiang 24-3 oil field, which commenced production in November 1994, but operatorship was transferred to CNOOC in January 2010.
CNOOC said the Xijiang 24-1 district is an adjustment project for the oilfield.
The Huizhou 25-8 and Xijiang 24-3 oilfields share one floating production storage and offloading unit (FPSO).
The production start-up of the Xijiang 24-1 district joint development project is the second by CNOOC since mid-October, when initial oil flowed at the Enping 24-2 field, also located in the Pearl River Mouth Basin.
.gif)
