China National Offshore Oil Corporation (CNOOC) 60%,
Oil Gas Reserves:
Wenchang, CNOOC, - consisting of Wenchang 13-1 and 13-2 fields, is located in the western Pearl River Mouth Basin, about 400 kilometers southwest of Hong Kong and 140 kilometers east of Hainan Island. CNOOC discovered the two oil fields independently.
The Wenchang field development by operator CNOOC is located 31 and 32 blocks of the Western South China Sea in South China Sea offshore China
in water depths of .
CNOOC with its partners started development of the Wenchang field in .
The recoverable reserves are estimated to 100 mmboe. Number of subsea wells are . The production year is
2002 with a daily production estimate of 50,000 bopd. The Wenchang project is based on a
subsea solution with Wenchang FPSO topside solution. The development cost is in the order of $327,000,000 with an estimated field life of years.
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