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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Earlier:
2017, November, 13, 10:40:00
SOUTH CHINA CEA CALMVietnam’s state television said Chinese President Xi Jinping had told Vietnam’s General Secretary Nguyen Phu Trong he wanted to work with Southeast Asian nations on a code of conduct in the sea. China’s Xinhua news agency said China and Vietnam had agreed to properly handle maritime issues and strive to maintain peace and stability.
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2017, November, 3, 12:15:00
SOUTH CHINA SEA LNGThe South China Sea is a major route for liquefied natural gas (LNG) trade, and in 2016, almost 40% of global LNG trade, or about 4.7 trillion cubic feet (Tcf), passed through the South China Sea.
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2017, July, 7, 07:35:00
VIETNAM - INDIAN DEALVietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region.
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2017, May, 19, 12:35:00
SOUTH CHINA SEA GASChina's attempt to test marine natural gas hydrates, a future energy source, has turned out to be a success, making it the first country to secure continuous and stable gas supply in marine gas hydrate exploitation, according to the Ministry of Land and Resources.
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2017, April, 6, 18:45:00
SOUTH CHINA SEA SOVEREIGNTYChina claims almost all of a large stretch of sea between Taiwan, Malaysia, Indonesia, the Philippines, Brunei, Vietnam and Japan. The trouble is, between them, these seven other states all do too.
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2017, February, 8, 18:45:00
SOUTH CHINA SEA TALKSChina is committed to having talks with the parties directly involved, and in accordance with historical facts and international law to peacefully resolve the issue, and that position will not change, Wang said.
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2017, January, 24, 18:35:00
SOUTH CHINA SEA PETROLEUM"We urge the United States to respect the facts, speak and act cautiously to avoid harming the peace and stability of the South China Sea," |