CNOOC Brings Online South China Sea Oil Project


Source: aogdigital.com aogdigital.com

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Chinese national oil company CNOOC has produced the first oil from the Liuhua 16-2 oilfield / 20-2 oilfield joint development project. Liuhua 16-2 oilfield / 20-2 oilfield joint development project is located in the eastern South China Sea. The average water depth of the joint development project is approximately 410 meters. The development includes one newbuild 150,000 DWT FPSO and three underwater production systems. The FPSO, delivered earlier this year, is named HAI YANG SHI YOU 119. According to WorldEnergyReports, a publication focused on FPSO systems, the FPSO was ordered in 2018 and was completed in May 2020. Per WER,...