CNOOC brings on-stream Luda 5-2 North Oilfield Phase II Development Project
CNOOC Limited announces that Luda 5-2 North Oilfield Phase II Development Project has commenced production.
The project is located in the central part of the Bohai Sea, with an average water depth of approximately 30 meters. The main production facilities include 1 new auxiliary production platform and 1 production wellhead platform. A total of 29 development wells are planned to be commissioned, including 28 production wells and 1 water source well. The project is expected to achieve a peak production of approximately 6,700 barrels of oil equivalent per day in 2026. The oil property is heavy crude.
Luda 5-2 North Oilfield is the first oilfield to produce from super heavy oil reservoirs through thermal recovery in China. Its Phase I Project had already commenced production in 2022. CNOOC Limited made major technological breakthroughs in this project and significantly enhanced the development efficiency of offshore super heavy oil. The Phase II Project will further tap the resources of the oilfield. Through optimized Jet Pump Injection-Production Technology, the project realized efficient and economic development of heavy crude, which could further enhance the Company’s energy supply capacity.
CNOOC Limited holds 100% interest in this project and is the operator.
Source: CNOOC
Related News.
OL Shipping Group in Tokyo: Capt. Eberhard Koch calls for realistic solutions to Maritime Decarbonisation
An intensive and engaging couple of days in Tokyo brought together leading figures from the international maritime community, providing a valuable…
Regatta for Peace one of the largest ever in Cyprus
Cyprus will host the first European stop on a global sailing journey leading up to the 2027 America’s Cup in Naples. More than 120 sailors…
The propulsion technology powering the marine energy transition
The marine industry is under increasing pressure to future-proof fleets, balancing the need to reduce emissions and improve efficiency. Propulsion…
Signal Ocean acquires Lgmar
Signal Ocean announced the acquisition of Lgmar, the Athens-based company behind Telix, a maritime email and communication platform in daily use…
Canada clean power push challenged by interprovincial grid limits, says GlobalData
Canada is entering a pivotal phase of power-sector expansion as federal tax credits, the phase-out of coal-fired generation, and accelerating…
Maritime safety depends on human factors and leadership, not procedures alone
Interim survey findings point to a gap between seafarers’ perceptions of risk and injury data Seafarers may misjudge when and where they are most at…
New BIMCO contracts tackle ship recycling and energy-saving retrofits
BIMCO adopted two new contractual solutions designed to help you manage important operational and regulatory challenges: the revised…
Stena Line to acquire vessel and make changes to its network
Stena Line has reached an agreement to acquire the RoRo vessel Somerset from CLdN. Subject to closure and transfer, the vessel would begin operating…
DORIC WEEKLY INSIGHT 16 OCTOBER 2026
Please find below the DORIC Market Insight for the week ending 16th October 2026. Weekly Report 16.10.2026
Important information for port clients and freight carriers effective November 1, a new traffic overpass and port checkpoint will open for traffic to the Port of Riga on Kundziņsala
Starting November 1 of this year, a new traffic overpass connecting Tvaika Street to Kundziņsala will open to facilitate traffic to and from the Port…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
