CNOOC Limited, a Hong Kong listed upstream exploration and production company announced today that Yacheng 13-4 gas field recently commenced production.
Yacheng 13-4 is located about 72 kilometers southwest of Sanya, Hainan Province, in the north part of the South China Sea with an average water depth of about 85 meters.
The project was designed to share the existing facilities of Yacheng 13-1 gas field and built three new subsea production systems for overall development. Three development wells have also been arranged.
The Yacheng 13-4 field, 100 % owned and operated by CNOOC Limited is expected to reach its peak production of 0.35 billion cubic meters per year in 2013.
Executive Vice President of CNOOC Limited, Mr. Chen Bi, commented: “The successful start-up of Yacheng 13-4 will make a contribution to achieve our production target this year.”
Offshore Energy Today Staff, August 3, 2012