Caofeidian 2-1 is a conventional oil development located in shallow water in China and is operated by CNOOC. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block Block 04/36, with water depth of around 98 feet. Buy the profile here.
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The project is currently in approval stage and is expected to start commercial production in 2025. The development cost is expected to be $506 m.
Field participation details
The field is owned by Brightoil Petroleum (Holdings), China National Offshore Oil and China National Petroleum.
Production from Caofeidian 2-1
Production from the Caofeidian 2-1 conventional oil development project is expected to begin in 2025 and is forecast to peak in 2027, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2073.
About CNOOC
CNOOC Ltd (CNOOC), a subsidiary of China National Offshore Oil Corp, is an upstream oil and gas company. The company's primary activities involve the exploration, development, production, and sale of crude oil and natural gas. It operates through various oil and gas fields, including Bohai, Western South China Sea, Eastern South China Sea, and East China Sea. CNOOC's products are primarily used in the energy industry, providing essential resources for various sectors. The company has a significant presence in China and holds interests in oil and gas projects in multiple countries and regions worldwide, including Indonesia, Australia, Nigeria, Iraq, Uganda, Argentina, the US, Canada, the UK, Brazil, Guyana, and the UAE. CNOOC is headquartered in Beijing, China.
For more details on the Caofeidian 2-1 Conventional Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
