Project Profile
Value: US$500 million
Location: Southeast of Hong Kong in the Eastern South China Sea
Start-up Year: August 2012
Upstream condensate reserves: 1,000 million boe
Water Depth: 370 m
The largest oil field in the South China Sea, Liuhua 11-1 is expected to contain an estimated 1 billion barrels of oil. Discovered in 1987, Liuhua is located in 1,210 feet (370 metres) of water, 120 miles (70 kilometres) southeast of Hong Kong in the Eastern South China Sea. A technological feat when it was developed more than a decade ago, Liuhua may undergo modifications to ensure it continues to produce well into the future. Liuhua was discovered and originally developed by a consortium made up of BP (then Amoco), Anadarko (then Kerr-McGee) and CNOOC. In 2003, CNOOC bought out its partners for US$20 million each, and the company remains the sole owner and operator of Liuhua.
Operator:
China National Offshore Oil Corporation (CNOOC): Operator with 100% interest
Contractors:
China Offshore Oil Engineering Company (COOEC): Pipeline installation
DMAR Engineering: FEED contract
FMC Technologies: Subsea hardware
Grenland Group: Feasibility study
Technip: Transportation and installation
WorleyParsons: FEED contract
Technip and China Offshore Oil Engineering Company (COOEC): Front end engineering design (FEED) contract by China National Offshore Oil Corporation Limited (CNOOC Ltd.) for two tension leg platforms(1) (TLPs). As key technical partner to COOEC, Technip will carry out the FEED work of China’s first two TLPs. The contract covers the design and engineering of the topsides (including two drilling rigs), hulls, and mooring and riser systems. It is expected to be completed by the end of 2015. Technip\'s operating centre in Houston, Texas, USA, will execute the FEED contract.
Sub Contractor:
JDR Cable Systems Ltd: Contracted by the China National Offshore Oil Corporation (CNOOC) to develop subsea production umbilicals and ESP power umbilicals to operate at depths from 260 to 300m.