Men wearing face masks walk past a sign of China National Offshore Oil Corp (CNOOC) outside its headquarters in Beijing, China March 8, 2021.
REUTERS/Tingshu Wang/FilesBEIJING, June 25 (Reuters) - The first deepwater gas field fully operated by a Chinese company, Lingshui 17-2, started production on Friday, the country's national offshore producer CNOOC Ltd (0883.HK) said.
The gas project, in the South China Sea, is expected to reach peak production of 328 million cubic feet of natural gas and 6,751 barrels of condensate per day in 2022, with a 10-year stable production period, CNOOC said in a press release.
A total of 11 production wells are planned in the gas field, CNOOC said.
read moreThe project will bring CNOOC's total gas production capacity in the South China Sea area to more than 13 billion cubic meters annually, the company said in a separate post on its official Weibo account.
Tingshu Wang, CNOOC, Hallie Gu, Shivani Singh, Aditya Soni
China National Offshore Oil Corp, REUTERS, CNOOC, HK, Reuters, Thomson
China, Beijing, BEIJING, South China