Chinese oil major CNOOC, opens new tab said that an offshore oil project in the South China Sea had commenced production.
Xijiang Oilfields 24
Block Development Project, located in the shallow water of the Pearl River
Mouth Basin, is expected to achieve a plateau production of about 18,000
barrels of light crude oil equivalent per day in 2026, CNOOC said in a
statement.
The development of the project mainly
leverages the adjacent existing facilities of the Huixi Oilfields, with the
addition of a new unmanned wellhead platform.
The project is expected to commission 10
development wells, according to the statement.
CNOOC holds 100 per cent interest in this
project and is the operator, it added.
