The Largest Offshore China Oilfield Start Production.
Publication: PR Newswire
Publication Date: 31-DEC-02
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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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