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AccessMyLibrary    Browse    P    PR Newswire    DEC-02    The Largest Offshore China Oilfield Start Production.

The Largest Offshore China Oilfield Start Production.

Publication: PR Newswire

Publication Date: 31-DEC-02
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COPYRIGHT 2002 PR Newswire Association LLC

CNOOC Limited (the "Company", SEHK: 883; NYSE: CEO) announced today that the largest offshore oilfield, Penglai 19-3, began to pump oil. The first phase of Penglai 19-3 in central Bohai Bay was scheduled to come on stream before year-end.

Penglai 19-3 oilfield was discovered in Block 11/05. It's the largest oilfield discovered in offshore China ever. It is estimated to hold approximately 2.6 billion barrels of oil in place with further appraisal...

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