First Deepwater Gas Field Fully Run by China Starts Production
BEIJING (Reuters) — The first deepwater gas field fully operated by a Chinese company, Lingshui 17-2, started production on Friday, the country's national offshore producer CNOOC Ltd said.
The gas project, in the South China Sea, is expected to reach peak production of 328 million cubic feet of natural gas and 6,751 barrels of condensate per day in 2022, with a 10-year stable production period, CNOOC said in a press release.
A new semi-submersible production platform has been built, with condensate oil storage capacity, a mooring system, as well as a set of underwater production system and subsea pipeline, CNOOC said.
A total of 11 production wells are planned. It is expected to reach peak production of 328 million cubic feet of natural gas and 6,751 barrels of condensate per day in 2022, with a 10-year stable production period. After the commencement of production, natural gas will be connected to the national gas pipeline network through submarine pipelines, and will become one of the important sources of stable natural gas supply for Guangdong-Hong Kong-Hainan area.
The Chinese energy major was aiming to start production at Lingshui 17-2 in the first half of 2021, Reuters reported in March.
The project will bring CNOOC's total gas production capacity in the South China Sea area to more than 13 billion cubic meters annually, the company said in a separate post on its official Weibo account.
Lingshui 17-2 is part of CNOOC's plan to significantly increase its gas output to cut carbon emissions and help Beijing's climate goals.
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