Another Bohai Bay oil field comes on stream

The CNOOC-Kerr-McGee JV in Bohai Bay has resulted in another oil field, Caofeidian 11-1/11-2 oil field, being put into production on 2 September. The field has estimated reserves in the “hundreds of millions” tons of oil.
Another Bohai Bay oil field comes on stream
Another Bohai Bay oil field comes on stream
Another Bohai Bay oil field comes on stream
Another Bohai Bay oil field comes on stream
Another Bohai Bay oil field comes on stream

The two firms are also collaborating on China’s largest offshore oil field, Bohai Penglai 19-3.

In a statement CNOOC said, “With four years development, this oil field with an annual capacity of 2 million tons of oil was set up on western shore of Bohai Bay.”

“After the trial production on July 18, 11-1-A5H oil well of Caofeidian can produce hundreds of million barrels of oil each day currently, which breaks record,” it added.

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