China National Offshore Oil Company (CNOOC) has started production from the Panyu 11-5 oil field in the Pearl River Mouth Basin. Three horizontal wells have been drilled in the field, which also makes use of existing facilities in the Panyu 5-1 field. One well is on production in the new field with an output of about 3,270 B/D. Panyu 11-5 is expected to reach peak production of 3,900 B/D later this year. CNOOC holds a 100% interest in the field.
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.