CNOOC’s BZ25-1/BZ25-1South Oilfields in Full Production
CNOOC Limited announced that its BZ25-1/BZ25-1South oilfields, which suspended production due to facility damage caused by strong winds in November 2009, are back into production. Currently, the production capability of BZ25-1/ /BZ25-1South oilfields has recovered to its normal level. The fields can produce about 27,000 barrels of oil per day before the incident. After the strong winds, in order to resume its production as early as possible, the company, together with its partner, worked out a recovery plan for BZ25-1/BZ25-1South oilfields and implemented it in a timely manner. BZ25-1/BZ25-1South oilfields, jointly developed by CNOOC Ltd. and Chevron, are located in the southeast part of Bohai Bay. CNOOC Ltd.
Strong Winds Hit Haiyangshiyou 113
CNOOC Limited announced that the Floating, Production, Storage and Offloading (FPSO) vessel Haiyangshiyou 113 shifted from its moorings by strong winds in the Bohai Bay area, has been safely secured. There were no injuries or oil spills. Operations at the BZ25-1/BZ25-1South oilfields were shut-in on November 10 as a safety precaution during the strong winds, and recovery activities are now being remobilized BZ25-1/BZ25-1South oilfield is a joint project developed with Chevron. CNOOC Ltd. holds 83.8% of interest and acts as the Operator. Before this incident, the production capacity of BZ25-1/BZ25-1South oilfield was approximately 27,000 barrels per day. The company maintains appropriate insurance coverage of the operations related to the oilfield. (www.cnoocltd.com)
