China National Offshore Oil Company

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.


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