CNOOC oil fields in operation in South China Sea
Updated: 2012-12-29 11:05
(Xinhua)
|
|||||||||
BEIJING -- China National Offshore Oil Company Limited announced Friday that two of its oil fields in the South China Sea have started production.
CNOOC, China's largest offshore oil and gas producer, said in a statement that both oil fields are located in the Pearl River Estuary Basin in the South China Sea.
The Panyu 4-2/5-1 field, one of the two oil fields, is expected to reach its peak output level in 2014, the statement said.
CNOOC owns 75.5 percent of the field, while Burlington Resources China Llc owns the remainder.
The other field was identified as Liuhua 4-1. The company owns it completely and expects the field's production to peak next year.
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |