Views: 5 Author: Melisa Čavčić Publish Time: 2024-10-06 Origin: https://www.offshore-energy.biz/
Deep Sea No. 1 production platform; Source: CNOOC
Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has started production from a natural gas project in the South China Sea, where the firm recently confirmed the total proved gas in place exceeded one trillion cubic meters.
Wang Dongjin, CNOOC’s Chairman, commented: “The project has successfully overcome the world-class challenge of deep-water high-pressure oil and gas reservoir development. It witnesses effective large-scale conversion of reserves into production from the ‘South China Sea trillion-cubic-meters-level gas region’, and provides stable supply of clean energy for the economic and social development of South China.
The Chinese energy player has disclosed that its Shenhai-1 Phase II project is anticipated to reach peak production of 162 million cubic feet of natural gas and 3,931 barrels of condensate per day next year.
The start-up of production at the gas project in the South China Sea comes a week after CNOOC brought online an oil project off the coast of China, equipped with a platform and floating production, storage, and offloading (FPSO) unit as part of the revitalization efforts undertaken at old deepwater oil fields to ensure the country’s energy security.
