CNOOC Begins Production From Platform B at Peng Lai Oil Field
Posted on: Wednesday, 17 September 2008, 09:00 CDT
The China National Offshore Oil Corporation has announced that Platform B of the second phase of the Peng Lai 19-3 oil field development, located in Block 11/05 in the Bohai Bay offshore China, has come on stream ahead of schedule.
The facilities in Phase II of the Peng Lai (PL) 19-3 oil field development include five wellhead platforms, a central processing facility and a floating production storage offloading facility with a designed processing capacity of 190,000 barrels of oil per day.
Platforms A and C of PL19-3 Phase II, have been put into production, while the other two, D and E, will commence production in succession.
The PL19-3 oil field was jointly developed by the China National Offshore Oil Corporation (CNOOC) and ConocoPhillips China (COPC). CNOOC holds 51% interest in PL19-3 and the operator, COPC, holds the remaining 49% interest.
Liu Jian, executive vice president of CNOOC, said: "We are pleased with the advanced startup of platform B, which again highlights the closeness and the effectiveness of co-operation between CNOOC and ConocoPhillips."
Source: Datamonitor
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