CNOOC commences production at Panyu project in South China Sea
CNOOC starts production at Panyu project in South China Sea
HONG KONG -- CNOOC has started production at its Panyu 34-1/35-1/35-2 project located in the Pearl River Mouth basin of the South China Sea with the water depth in the range of 195 to 338 m.
The project consists of three gas fields, namely Panyu 34-1, Panyu 35-1 and Panyu 35-2.
The main production facilities include one comprehensive platform, two sets of underwater production system and 13 producing wells.
There are currently two wells producing approximately 21 MMcfd of natural gas. The project is expected to reach its ODP designed peak production of approximately 150 MMcfd in 2015.
Panyu 34-1/35-1/35-2 is an independent project in which CNOOC holds 100% interest.
