The Kenli 10-1 field offshore China is now online, according to China National Offshore Oil Corp. (CNOOC).
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Image from CNOOC. |
Production at the field located in Bohai Bay began on 23 April at an average water depth of 17m.
According to CNOOC, the main production facilities of Kenli 10-1 include one central processing platform, two wellhead platforms and 70 producing wells. There are currently 12 wells producing approximately 10,750 b/d of crude oil. The field is expected to reach 36,000 b/d at peak production in 2016.
CNOOC is the operator of Kenli 10-1 with 100% interest.
Last month, CNOOC awarded the joint venture consisting of Technip and China Offshore Oil Engineering Co. (COOEC) a contract to design China’s first tension leg platforms to be used for the Liuhua 11-1 and 16-2 joint development projects in the South China Sea.
In March, CNOOC announced its reserve replacement ratio was 112% due to its year of quality and efficiency program focused on cost control. The company said the company made 20 new commercial discoveries and appraised 18 oil and gas structures successfully. A number of mid-to-large sized crude oil discoveries were made in Bohai, and at the end of 2014, net proved reserves were approximately 4.48 MMbbl laying a solid foundation for sustainable development.
In February, CNOOC’s 2015 business strategy and development plan has its net production target set in the range of 475-495 MMboe with 67% coming from China.
Plans include a total of seven new projects to come on stream, including the company's 100% operated Jinzhou 9-3 comprehensive adjustment project, which began production in February in the North Liaodong Bay in 6.5-10.5m water depth. The project is expected to reach 12,000 b/d at peak production this year.
Also in Bohai, the Bozhong 28/34 is expected to reach 30,000 boe/d at peak production.
CNOOC said in its plan, it plans to drill around 162 exploration wells and acquire approximately 36,000km of 2D seismic data, as well as approximately 14,000sq km of 3D seismic data in 2015.
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