Luda 29-1 oilfield is located in Liaodong Bay of Bohai Sea, with a water depth of about 32 meters.
Announcing the start-up on Wednesday, CNOOC said that, in addition to fully utilizing the existing processing facilities of Luda 21-2/Luda 16-3 oilfield, the project has also built a new wellhead platform, with 7 development wells planned in total, including 4 production wells, 2 water injection wells, and 1 water source well.
The project is expected to reach its peak production of approximately 4,440 barrels of crude oil per day in 2021.
CNOOC Limited holds 100 per cent interest in Luda 29-1 oilfield and acts as the operator.
The Chinese company in late June also started production from China’s first offshore large-sized independent deepwater gas field, Lingshui 17-2 gas field, located in the Qiongdongnan Basin, in the South China Sea.
