CNOOC’s Luda 5-2 North Oilfield Phase II goes online

It will reach peak production in 2026.

CNOOC Limited has announced that its Luda 5-2 North Oilfield Phase II Development Project has commenced production.

In a statement, the company said the project is located in the central part of the Bohai Sea, with an average water depth of approximately 30 metres. The main production facilities include a new auxiliary production platform and a production wellhead platform.

A total of 29 development wells will be commissioned, including 28 production wells and 1 water source well. The project is expected to reach peak production of approximately 6,700 barrels of oil equivalent per day in 2026.

Luda 5-2 North Oilfield is the first oilfield to produce from super heavy oil reservoirs through thermal recovery in China. The initial phase commenced production in 2022.

CNOOC holds 100% interest in this project and is the operator.