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Bozhong 28/34 Oilfields Comprehensive Adjustment Project Commences Production

Source: www.gulfoilandgas.com 6/30/2015, Location: Asia

CNOOC Limitedannounced that its Bozhong 28/34 oilfields comprehensive adjustment project has commenced production.

The Bozhong 28/34 oilfields are located in Bohai with an average water depth of approximately 22 meters. The project consists of three sub-projects, namely Bozhong 28-2S oilfields comprehensive adjustment project, Bozhong 34-1 oilfield comprehensive adjustment project and Bozhong 34-2/4 oilfield comprehensive adjustment project. The main production facilities of the project include 6 offshore platforms and 79 producing wells.

There are currently 39 wells producing approximately 22,000 barrels of crude oil per day. The adjustment project is expected to reach its ODP designed peak production of approximately 30,000 barrels of crude oil per day in 2016.

The Bozhong 28/34 are independent oilfields in which the Company holds 100% interest and acts as the operator.

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