Wenchang 8-3E Oil Field Starts Production
CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883) announced that Wenchang 8-3E oil field has recently commenced production.
Wenchang 8-3E oil field is located in the western Pearl River Mouth Basin with an average water depth of about 110-120 meters. The project has 4 producing wells and is expected to reach its peak production within the year.
Wenchang 8-3E is an independent oil field in which the Company holds 100% interest and acts as the Operator.
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