CNOOC's Dongfang 29-1: A Strategic Boost to Offshore Gas Production
Sunday, Jan 19, 2025 7:11 pm ET
1min read CNOOC Limited, China's largest offshore oil and gas producer, has brought on-stream the Dongfang 29-1 Gas Field Development Project, marking a significant milestone in its strategic expansion and commitment to clean energy. The project, located in the Yinggehai Basin with an average water depth of approximately 68 meters, is expected to achieve a peak production of 38 million cubic feet of natural gas per day in 2025.
The Dongfang 29-1 project aligns with CNOOC's long-term strategic goals in several ways. Firstly, it taps into the resource potentials of the Yinggehai-Qiongdongnan Basin, fully utilizing existing production facilities and reducing the development cost of new projects. The project connects to the existing facilities of Dongfang gas fields through a submarine pipeline for processing, further enhancing the production capacity of the Dongfang gas fields.
Secondly, the project supports CNOOC's commitment to providing clean, reliable, and stable energy supply for Hainan Island. The increased production capacity will contribute to the island's energy needs, promoting sustainable development and reducing dependence on fossil fuels.
The project's technological innovations have significantly improved operational efficiency. The standardized and integrated unmanned wellhead platform, optimized equipment layout, fault diagnosis implementation, and collaborative production have all contributed to enhanced productivity, reduced costs, and improved overall performance. The use of a submarine pipeline for efficient transportation of resources has minimized environmental impact and reduced the need for additional infrastructure.
CNOOC's investment in the Dongfang 29-1 project is a testament to its commitment to driving growth in the offshore gas sector. The project's strategic location, innovative technology, and alignment with CNOOC's long-term goals position it as a key driver of the company's overall gas production and revenue growth. As CNOOC continues to explore and develop new projects, the Dongfang 29-1 Gas Field Development Project serves as a shining example of the company's dedication to clean energy and operational excellence.
In conclusion, the Dongfang 29-1 Gas Field Development Project is a strategic boost to CNOOC's offshore gas production, contributing to the company's long-term growth and commitment to clean energy. The project's technological innovations, alignment with CNOOC's strategic goals, and potential for driving revenue growth make it a significant milestone in the company's history.
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