CNOOC COMMENCES PRODUCTION AT LUDA 29-1 OILFIELD IN BOHAI SEA

July 22, 2021

Hong Kong based CNOOC Limited announced that Luda 29-1 oilfield has commenced production.
Luda 29-1 oilfield is located in Liaodong Bay of Bohai Sea, with water depth of about 32 meters. In addition to fully utilizing the existing processing facilities of Luda 21-2/Luda 16-3 oilfield, the project has also built a new wellhead platform, with 7 development wells planned in total, including 4 production wells, 2 water injection wells and 1 water source well. The project is expected to reach its peak production of approximately 4,440 barrels of crude oil per day in 2021. There are currently 13 producing wells producing approximately 3,300 barrels of crude oil per day.
CNOOC Limited holds 100% interest in Luda 29-1 oilfield and acts as the operator.
The Bohai Sea is a semi-enclosed continental shelf sea in northern China, off the NW Pacific Ocean. It is composed of Liaodong Bay, Bohai Bay, Laizhou Bay, Central Bohai Sea, and Bohai Strait.
(Source: CNOOC)