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CNOOC Ltd. started oil production from Panyu 11-5 field in the Pearl River Mouth basin of the South China Sea.

A single well is producing 3,270 b/d in 110 m of water. The company expects peak production of 3,900 b/d later this year.

CNOOC said it is using facilities of the Panyu 5-1 oil field and that three horizontal wells have been drilled.

CNOOC has 100% interest (OGJ Online, July 31, 2014).

Tag(s) : #Oil and Gas News
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