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CNOOC ltd. announces startup of oil field offshore South China Sea

www.chinanews.cn 2006-02-11 17:11:02

(Source: Xinhua)

BEIJING, Feb. 10 - China National Offshore Oil Company Limited (CNOOC
Ltd.) announced Friday that an oil field offshore South China Sea has
come on stream successfully with a daily production of 1,500 barrels of
oil.
The Hui Zhou (HZ) 19-1 field, of one well, is located in northern part of
block 16/19, about 120 kilometers southeast of Hong Kong in Eastern South
China Sea.
The peak gross production capacity of the field is designed at 2,000
barrels of oil per day.
HZ19-1, together with HZ 19-3/2 which began production in 2004,is called
HZ19-3/2/1 fields. The development facilities of the fields consist of
two platforms, eight wells and a 41-kilometer sub-sea pipeline. The
fields are producing at a daily rate of 12,000 barrels of oil
approximately.
The fields are operated by CACT Operators Group consisting of CNOOC Ltd,
Eni China BV and Chevron Texaco China Energy Company. CNOOC Ltd. holds a
51 percent interest of the fields.
CNOOC Limited, incorporated in Hong Kong, is a 70.64 percent held
subsidiary of China National Offshore Oil Corporation, China's largest
offshore oil producer.

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