On September 10, CNOOC Limited announced that Nanbao 35-2 oilfield S1 area has commenced production.
Nanbao 35-2 oilfield S1 area is located in the central Bohai with average water depth of 17 meters. In addition to fully utilizing the existing facilities of Nanbao 35-2 oilfield, the major production facility includes 1 unmanned wellhead platform. A total of 3 development wells are planned. The project is expected to reach its peak production of approximately 1,800 barrels of crude oil per day in 2021.
CNOOC Limited holds 100% interest of Nanbao 35-2 oilfield S1 area.
About CNOOC
China National Offshore Oil Corporation (SEHK: 00883, NYSE: CEO, TSX: CNU), the largest offshore oil and gas producer in China, is a mega government owned company operating directly under the State-owned Assets Supervision and Administration Commission of the State Council of the People's Republic of China.