Crude oil production platform and FPSO facilities installed offshore China in block 17/03. (Source: SK Earthon)
SK Earthon announced Sept. 25 that its operated Lufeng 12-3 field in block 17/03 in the South China Sea has begun production.
Field partner CNOOC said the field, located in about 240 m water depth, is being produced to an FPSO and a wellhead platform. In total, the partners plan to produce the field with 13 wells and achieve peak production of 29,500 bbl/d in 2024.
SK Earthon found oil in the block in 2018.
According to CNOOC, the project is the largest jointly-developed oilfield in the South China Sea in the last decade.
SK holds 39.2% and operates the field, while CNOOC holds 60.8% interest.
Recommended Reading
Empire Raises $10M in Equity Offering to Ease Doubts, Reports $3.6M Loss
2024-11-14 - Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
2024-12-30 - Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
2024-12-04 - SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
Gigablue Enters CCS Agreement with Investment Firm SkiesFifty
2025-01-14 - Carbon removal company and investment firm SkiesFifty have partnered to sequester 200,000 tons of CO2 over the next four years.
Chevron Names Laura Lane as VP, Chief Corporate Affairs Officer
2025-01-13 - Laura Lane will succeed Al Williams in overseeing Chevron Corp.’s government affairs, communication and social investment activities.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.