CNOOC oilfield begins production early

CNOOC Limited, a listed arm of China National Offshore Oil Corp, one of the country's three major oil and gas companies, announced its Luda 6-2 oilfield has commenced production ahead of schedule on Monday.

Located in Liaodong Bay of the Bohai Sea, the oilfield sees an average water depth of about 30 meters. In addition to fully utilizing existing processing facilities of the Suizhong 36-1 oilfield, the project has built a new central platform. CNOOC Limited is the oilfield's operator, and also holds 100 percent interest in it.

A total of 38 development wells are planned, including 29 production wells, eight water injection wells and one development and appraisal well. The project is expected to reach its peak production of approximately 10,000 barrels of crude oil per day in 2022.