30 Mar 2010 10:01

CNOOC brings two offshore oilfields on stream

Shanghai. March 30. INTERFAX-CHINA - China National Offshore Oil Corp. (CNOOC), the country's third largest oil company, has brought two of its wholly owned offshore oilfields on stream, the company announced on March 29.

The WZ11-1 oilfield, which is located in the BeiBu Gulf Basin at a depth of about 40 meters, is expected to reach a peak crude oil production capacity of more than 3,000 barrels a day this year, CNOOC said.

In the central part of Bohai Bay, at an average depth of 25 meters, the BZ3-2 oilfield is expected to yield 4,800 barrels a day within the year.