CNOOC commences production on Enping 23-1, South China Sea

1/17/2017

HONG KONG – China National Offshore Oil Corp Ltd announced that the Enping 23-1 oilfield has commenced production. The new field, located in the Pearl River Mouth basin of the South China Sea, is in an average water depth of approximately 90 m.

In addition, to fully utilizing the existing facilities of Enping 24-2, the overall development program of Enping 23-1 will be combined with Enping 23-2, Enping 23-7 and Enping 18-1 for regional joint development. The main production facilities of Enping 23-1, Enping 23-2 and Enping 23-7 include one platform and 13 producing wells. There are currently three wells producing approximately 5,600 bopd. The project is expected to reach its designed peak production of approximately 24,800 bopd in 2018. The company holds 100% interest in all wells.

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