China's state-owned oil and gas giant, China National Offshore Oil Corporation (CNOOC), has officially kicked off production for its billion-tonne Bozhong 26-6 Oilfield Development Project (Phase I) in the northern Bohai Sea.
Situated offshore in the central Bohai Bay with an average water depth of 20 meters, this ambitious project is set to reach a peak production of around 22,300 barrels of oil equivalent daily by 2025. The oil produced is light crude, which is highly valued in the market.
The Phase I development boasts state-of-the-art facilities, including a new central processing platform and an innovative unmanned wellhead platform, enhancing efficiency and safety.
\"For Phase I of Bozhong 26-6 Oilfield Development Project, we plan to develop 33 wells and put them into production. And the peak daily production of oil and gas equivalent is expected to exceed 3,500 cubic meters,\" stated Liu Jingliang, director of Bozhong 26-6 Oilfield, CNOOC Tianjin Branch.
The oilfield's petroleum reservoir now holds an impressive accumulation of 200 million cubic meters, making it the world's largest metamorphic oilfield. The reservoirs are nestled in seabed hills thousands of meters deep and are primarily composed of metamorphic rocks, showcasing the project's geological significance.
Thanks to the application of standardized engineering practices, Bozhong 26-6 rapidly transitioned from discovery to production in just three years, a testament to CNOOC's efficiency in converting reserves into active production.
The Bohai Oilfield region already hosts over 50 oil and gas fields in production and more than 200 production facilities. In 2024, the oil and gas production remained steadily growing, with crude oil production staying above 30 million tonnes for three consecutive years and cumulative oil and gas equivalent production exceeding 600 million tonnes.
In recent years, the Bohai Oilfield has made significant strides, exploring and discovering 6 billion tonne oil and gas fields, solidifying its position as a powerhouse in the energy sector.
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