China's CNOOC starts production at Weizhou 12-8E in South China Sea

Horizon Oil

08/04/2022 11:48

BEIJING, April 8 (Reuters) - CNOOC Ltd  0883.HK , a listed
branch of China National Offshore Oil Corp  SASACY.UL , on
Friday said it had started production at the eastern section of
Weizhou 12-8 oilfield, known as Weizhou 12-8E.
    The project is expected to achieve its average production of
approximately 4,700 barrels per day (bpd) of crude oil in 2022,
with its peak production at 10,000 bpd.
    Located in Beibu Gulf in the South China Sea with average
water depth of about 30 metres, the project will use the
existing processing facilities of Weixinan oilfields and has
planned seven development wells.
    CNOOC Ltd holds 51% interest in the project, while the
remaining interests are held by Roc Oil (China) Company, Horizon
Oil  HZN.AX  (Beibu) Ltd and Oil Australia Pty Ltd.
    

 (Reporting by Muyu Xu and Dominique Patton; editing by David
Evans)
 ((muyu.xu@thomsonreuters.com; +86 10 56692117;))