CNOOC booth at an expo held in Shanghai on Dec 6, 2024. [Photo/VCG]
China's first oilfield from with reserves of super-heavy oil begins extracting reservoirs through thermal recovery. Luda 5-2 North Oilfield Phase II Development Project commenced production extraction on Friday, said its operator, CNOOC Limited.
The project, located in the central part of the Bohai Sea with an average water depth of approximately 30 meters, is expected to achieve a peak production of approximately 6,700 barrels of oil equivalent per day in 2026.
The oil property is heavy crude, it said.
CNOOC Limited made major technological breakthroughs in this project and significantly enhanced the development efficiency of offshore super-heavy oil. It said the Phase II Project will further tap the oilfield's resources.
