Benzinga | Aug 23, 2021 05:21AM EDT

CNOOC Limited Announced Luda 6-2 Oilfield Commenced Production

CNOOC Limited (NYSE:CEO) today announced that Luda 6-2 oilfield has commenced production ahead of schedule.

Luda 6-2 oilfield is located in Liaodong Bay of Bohai Sea, with average water depth of about 30 meters. In addition to fully utilizing the existing processing facilities of Suizhong 36-1 oilfield, the project has built a new central platform. A total of 38 development wells are planned, including 29 production wells, 8 water injection wells and 1 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.

CNOOC Limited holds 100% interest in Luda 6-2 Oilfield and acts as the operator