CNOOC reports start of production at Weizhou 12-2 oil field phase II project

11/28/2017

HONG KONG -- CNOOC Limited has announced that the Weizhou 12-2 oil field phase II project has already commenced production.

The Weizhou 12-2 oil field phase II project is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35.7 m. In addition to fully utilizing the existing facilities of Weizhou 12-2 oil field, the project has also built one wellhead platform. There are seven wells currently producing approximately 6,400 bopd. The project is expected to reach its ODP designed peak production of approximately 11,800 bopd in 2018.

The Weizhou 12-2 oil field phase II project is an independent oilfield in which the Company holds 100% interest and acts as the operator.

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