#China #CNOOC Limited #Jinzhou 23-2 #Oilfield Development #Bohai Sea

CNOOC Limited Expands Operations with Jinzhou 23-2 Oilfield

CNOOC Limited, a prominent player in the oil and gas sector, has recently unveiled the initiation of production at its Jinzhou 23-2 oilfield development project. Located in the northern region of the Bohai Sea, this project is poised to significantly contribute to the energy landscape of China, particularly the Beijing-Tianjin-Hebei area.

Project Overview

The Jinzhou 23-2 project operates at an average water depth of approximately 13 meters and has been designed to maximize efficiency with the installation of two central processing platforms. A total of 67 wells are expected to be commissioned, comprising 65 production wells and two water source wells. The expectations are high, with an anticipated peak production reaching around 17,000 barrels of oil equivalent daily by the year 2027. Notably, this oilfield is characterized by its heavy crude, necessitating innovative extraction methods to optimize yield.

Innovative Extraction Techniques

A defining feature of the Jinzhou 23-2 project is its adoption of advanced thermal recovery techniques, making it a trailblazer as the first multi-layer heavy oil thermal recovery initiative offshore China. The operational strategy incorporates a combination of steam stimulation and chemical auxiliary steam flooding. These methods are instrumental in reducing the viscosity of heavy crude oil, thereby improving the oil recovery rates and overall resource utilization from offshore deposits significantly.

Contribution to Energy Supply

The development of Jinzhou 23-2 is expected to play a crucial role in reinforcing the energy supply for the economically vital Beijing-Tianjin-Hebei region. By enhancing the supply matrix, CNOOC Limited aims to strengthen its position in the competitive oil market while ensuring stability in energy provision for a rapidly growing demand. This project symbolizes not just business growth but also a response to national energy strategies that focus on sustainable and efficient energy sources.

CNOOC Limited's Commitment

CNOOC Limited, as the sole operator and 100% stakeholder in the Jinzhou 23-2 oilfield project, showcases its commitment to advancing oil and gas capabilities within China. The company is dedicated to deploying cutting-edge technologies that optimize production and adhere to stringent safety and environmental standards. This goal is reflected in their strategic planning and execution of large-scale projects across various energy sectors.

Future Outlook

As CNOOC Limited pushes forward with the Jinzhou 23-2 oilfield, stakeholders remain optimistic about its long-term impact on both the local economy and the energy sector at large. With plans for extensive future production and a focus on leveraging innovative extraction techniques, the company is well-positioned to meet the evolving demands of the oil market. The successful execution of this project exemplifies CNOOC Limited's proactive approach to harnessing resources effectively while ensuring competitive sustainability in a volatile industry.

This monumental step underscores CNOOC Limited's enduring ambition to remain at the forefront of energy production in Asia, facilitating a robust energy supply crucial for the region’s growth.