China's national offshore producer China National Offshore Oil Corporation (CNOOC) expects its deepwater gas field Lingshui 17-2 in the South China Sea to start its first gas production at the end of 2021, a company official said on September 24.
The Lingshui field, with an average water depth of 1,450 meters (4,757 ft) at a distance of about 150 km (93 miles) southeast from Sanya city of Hainan province, is the first deepsea gas project operated by CNOOC and a key new field to contribute to the firm's gas output.
Annual production of Lingshui 17-2 is estimated at 3.2 billion cubic meters (bcm), with maximum production likely to reach 3.39 bcm, the official said in a briefing to reporters and analysts, without giving a timeline on when the peak output is expected to be achieved.
CNOOC is building a semi-submersible production platform for the project, said the official, who declined to be named as he is not the company's spokesperson.
Lingshui 17-2 was first discovered in September 2014.
Source:sxcoal
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