CNOOC Places LD 27-2 Field On Stream Ahead Of Schedule

Published: 04-Nov-2009

CNOOC Limited (CNOOC) announced that Luda (LD) 27-2 field in Bohai Bay, has come on stream ahead of schedule. The field is producing at a volume of 11,000 barrels of oil per day from 11 wells currently. LD 27-2 is located in the Eastern Bohai Bay in about 25 meters of water. It is about 104 kilometers northwest of Qinhuangdao City of HeBei province.

LD27-2 is adjacent to LD 32-2 oil field, an independent project of CNOOC under construction. In order to reduce production cost, a joint development plan was carried out for both fields. Major development facilities of LD27-2/32-2 include: two wellhead platforms, one production and storage platform and 34 production wells.

The peak production of LD 27-2/32-2 is designed at 13,000 barrels of oil per day. LD 32-2 is expected to be on stream later this year.

Yang Hua, president of CNOOC said: “Thanks to the effective project management and efficient leveraging of the operating sources, we are able to bring LD 27-2 on stream ahead of schedule.”

CNOOC acts as the operator and has a 100% interest in the LD 27-2/32-2 oil fields.