China’s Lingshui 17-2 Gas Field Commences Production

CNOOC Limited announced that the China’s first offshore large-sized independent deepwater gas field, Lingshui 17-2 gas field has commenced production.

The Lingshui 17-2 gas field is located in the northern sea of Qiongdongnan Basin, with water depth of approximately 1,560 meters. It was the first large-sized deepwater discovery, with proven geological resources of natural gas exceeding 100 billion cubic meters, made by independent exploration, proving the great potential of deepwater area of South China Sea.

A new semi-submersible production platform has been built, with condensate oil storage capacity, a mooring system, as well as a set of underwater production system and subsea pipeline. A total of 11 production wells are planned. It is expected to reach peak production of 328 million cubic feet of natural gas and 6,751 barrels of condensate per day in 2022, with a 10-year stable production period. After the commencement of production, natural gas will be connected to the national gas pipeline network through submarine pipelines, and will become one of the important sources of stable natural gas supply for Guangdong-Hong Kong-Hainan area.

CNOOC Limited holds 100% interest of Lingshui 17-2 gas field and acts as the operator.

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