SOUTH CHINA SEA OIL
OGJ - Phase II production from Weizhou 12-2 oil field has been brought on stream, CNOOC Ltd. said of its project in Beibu Gulf in the South China Sea.
The oil field lies in 35.7 m of water. In addition to existing Weizhou 12-2 oil field equipment, one platform was built under Phase II.
Seven wells currently produce 6,400 b/d. The project is expected to reach peak production of 11,800 b/d in 2018.
CNOOC holds 100% interest and operates the field.
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AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
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