CNOOC announces Weizhou 12-2 oil field Phase II project ...Commences production

CNOOC Limited has announced the Weizhou 12-2 oil field phase II project has already commenced production.

The Weizhou 12-2 oil field phase II project is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35.7 meters.

In addition to fully utilizing the existing facilities of Weizhou 12-2 oil field, the project has also built one wellhead platform. There are seven wells currently producing approximately 6,400 barrels of crude oil per day.

The project is expected to reach its ODP designed peak production of approximately 11,800 barrels of crude oil per day in 2018.

The Weizhou 12-2 oil field phase II project is an independent oilfield in which the Company holds 100% interest and acts as the operator.

Comments

Post a Comment

Popular posts from this blog

ExxonMobil to triple Permian production by 2025, expand transportation infrastructure

Image
ExxonMobil  has  announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period. Recent changes in the U.S. corporate tax rate create an environment for increased future capital investments, including ExxonMobil’s plan to spend more than $2 billion on transportation infrastructure to support its Permian operations. Through capital efficient production growth, the increased volumes will be driven by reduced drilling costs, technology improvements and expanded acreage. ExxonMobil has amassed a large, highly contiguous acreage position, located in the prolific, multi-layered oil zones of the Delaware and Midland basins. Combined with operating experience gained through drilling more than 5,000 horizontal unconventional wells, and a leading-edge technology organization, Exxon
Read more

Intellectual devt of youth necessary for sustainable growth -Baru, NNPC GMD …As Gaius-Obaseki pledges support for NNPC management

Leaders at all levels in the country have been called upon to pay attention to the intellectual development of the youth if the country must attain sustainable growth. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, gave this charge at a book launch in Abuja today. Dr. Baru who was the special guest at the Public Presentation of the book entitled: “ Preferred Above My Peers ” written by Mrs. Betty Amechi Anekwe- Ugona, Executive Director, Storage, Nigerian Pipelines and Storage Company (NPSC), a subsidiary of the NNPC, said today’s leaders need to commit their energy to youth development “otherwise our efforts today will all be in vain”. Dr. Baru restated the commitment of the NNPC to youth development stressing that it was in line with the corporation’s corporate social responsibility (CSR) policy. The NNPC helmsman said education paved the way for individuals to make the right choices in life and admonished leaders to use technolo
Read more

Kathy Ayers to speak at the 232nd ECS meeting in Maryland

Image
By Oke Peter Vice President of Research and Development,  Proton Onsite/ Nel Hydrogen, Kathy Ayers, will speak at the upcoming Refresh and Connect: An ECS Mentoring Session, between 1st and 5th October, 2017, at the 232nd ECS MEETING in National Harbor Maryland.  Nobel Prize winner and former US Secretary of Energy, Steve Chu, will be the guest lecturer, he will deliver a paper on “the role of electrochemistry in our transition to sustainable energy”. There will be a large PEM session with 350 papers covering PEM fuel cells and electrolyzers. Kathy Ayers is co-chair of the electrolysis subsection with Bryan Pivovar of NREL. Speakers for the plenary session include: Sunita Satyapal from the Department of Energy, Kurt Wellenkotter from General Motors and K. Amemiya from Toyota. Source : Proton Energ y Kathy Ayers,  Vice President of Research and Development,  Proton Onsite/ Nel Hydrogen,  
Read more