CNOOC Limited (NYSE:CEO) announced Jinzhou 25-1 oilfield 6/11 area has commenced production, in which it holds 100% interest.

In addition to fully utilizing the existing facilities of Jinzhou 25-1 oilfield and Jinzhou 25-1S oilfield, the project has built one eight-legged wellhead platform.

A total of 19 production wells and 10 water injection wells are planned.

It is expected to reach the peak production of ~16,500 barrels of crude oil per day in 2023.


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