China National Offshore Oil Corporation (CNOOC) said on Wednesday that phase two of its Lufeng oilfields project commenced production, which is expected to achieve a peak production of approximately 22,600 barrels of crude oil per day in 2025.
The project is located in the South China Sea, with an average water depth of approximately 136 meters. It consists of Lufeng 8-1 oilfield, Lufeng 9-2 oilfield and Lufeng 14-8 oilfield, said the company.
One new drilling platform was built, and 14 development wells are planned to be put into production, including 13 production wells and 1 water-injection well, it said.
CNOOC Limited holds 100 percent interest in this project and acts as the operator.
