CNOOC Begins Production from Huizhou Development Project

CNOOC Limited has started production from Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project.

Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project is located in south-central part of the eastern South China Sea, approximately 170 kilometers from Hong Kong, with a water depth of approximately 115 meters.

In addition to fully utilizing the existing facilities of Huizhou 25-8 oilfield, the project has also built one drilling and production platform.

There is one well currently producing and the project is expected to reach its peak production of approximately 19,200 barrels of crude oil per day in 2020.

CNOOC Limited holds 100% interest in Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project and acts as the operator.

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