CNOOC's Huizhou project starts production in the South China Sea

1/16/2019

HONG KONG -- CNOOC has announced that Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project has commenced production.

Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project is located in south-central part of the eastern South China Sea, approximately 170 km from Hong Kong, with a water depth of approximately 115 m. In addition to fully utilizing the existing facilities of Huizhou 25-8 oilfield, the project has also built one drilling and production platform. There is one well currently producing and the project is expected to reach its peak production of approximately 19,200 bopd in 2020.

CNOOC Limited holds 100% interest in Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project and acts as the operator.

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