China CNOOC's deepwater gas field hits daily peak output - state media

SINGAPORE : Chinese oil and gas major CNOOC Ltd's first wholly-owned deepwater natural gas field "Shenhai No.1" was pumping ahead of schedule at its designed peak rate, after it started production in June, state television reported on Thursday. The gas field, also named Lingshui 17-2 that sits 1,500 meters below the sea surface in the South China Sea, was producing 10 million cubic metres a day, the report said. Gas flowing in from 11 production wells are being pumped via a subsea pipeline to onshore receiving points in Hong Kong and south China's Guangdong province, before joining the national gas…