Project Profile
Value: unknown
Location: Pearl River Mouth Basin of the South China Sea
Production: 3,270 barrels of crude oil per day
Water Depth: 110 metres
Start-up Year: 2016
The Panyu 11-5 Oil Field is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 110 metres. In addition to fully utilizing the existing facilities of Panyu 5-1 Oil Field, the Panyu 11-5 oilfield also drilled 3 horizontal wells. There is currently 1 well in production, producing a total of approximately 3,270 barrels of crude oil per day. The oilfield is expected to reach its ODP designed peak production of approximately 3,900 barrels of crude oil per day in 2016. The Panyu 11-5 is an independent oilfield in which the CNOOC Limited holds 100% interest and acts as the operator.
Operators:
CNOOC Limited: Operator with 100% interest
Contractors:
Subcontractors: