State-owned China National Offshore Oil Corporation (CNOOC) recently made plans to drill an appraisal well on Block 22/12 in the Beibu Gulf off the Chinese coast with tentative end date before end of 2019.
The joint venture between CNOOC and Horizon Oil revealed that the company plans on conducting the field appraisal of a reservoir beside WZ 6 -12S during the third quarter which is expected to close by end of December 2019.
Additionally, both partners are also working on an infill well drilling programme for 2020, which has approved installation of additional well slots on the WZ 6-12 platform. Output from this block averaged more than 8 764 barrels of oil daily later in quarter three.
According to Horizon, the output was currently in excess of 9200 BPD after completion of production enhancing well workover programme and water filtration trials completed in the third quarter. Horizon also mentioned that the joint venture has approved the installation of a new permanent water filtration module after successful completion of water filtration trials which will increase the water handling capacity and lead to increased oil production.
Source: Upstream Online