CNOOC accelerates its pace of offshore engineering construction

2012-03-10 09:00

China National Offshore Oil Corporation (CNOOC) is accelerating the construction of offshore facilities to boost the development of its domestic offshore oil projects. Jin Xiaojian, head of the company's construction department, recently stated that the number of projects under construction this year will double compared to last year, with up to 20 contracts for the construction of marine infrastructure to be executed at domestic offshore bases. Six of these projects are expected to be completed this year. These projects involve laying 800 kilometers of marine pipelines and constructing 20 self-elevating platforms, which could help CNOOC increase its oil and gas production capacity by 5 million cubic meters this year.

　　CNOOC's offshore construction activities reached a peak in 2009, when its subsidiary, CNOOC Engineering, laid 700 kilometers of submarine pipelines. The largest self-elevating platform currently under construction is a 30,000-ton structure built for China's first deep-water project, the Liwan 3-1 gas field. This self-elevating platform, currently under construction at CNOOC Engineering's Qingdao offshore base, will be completed in August this year, allowing the Liwan 3-1 gas field to be put into operation on schedule in the third quarter of next year. The gas field is operated by Husky Energy of Canada.

　　Earlier, CNOOC stated that it aims to achieve an annual output of 50 million tons of oil and gas equivalent in the South China Sea in 2020. CNOOC Limited, the listed company of CNOOC, plans to drill 114 exploration wells this year, mostly in Chinese waters. The company is currently developing 16 offshore oil and gas projects.

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