China National Offshore Oil Corporation (CNOOC)

China National Offshore Oil Corporation (CNOOC) confirmed that the Weizhou 12-2 oil field phase II project in the Beibu Gulf of the South China Sea has begun production. The project is expected to reach its designed peak output of approximately 11,800 B/D of crude in 2018. Currently, seven wells are producing approximately 6,400 B/D. The phase II project fully used the existing facilities of the Weizhou 12-2 oil field, in addition to building an extra wellhead platform.


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