China’s CNOOC starts new oil production at Penglai field

19 September 2018, News Wires — China’s CNOOC Ltd started producing crude oil at 1/3/8/9 block of the Penglai 19-3 oilfield off north China’s Bohai Bay, the company said in a statement on Tuesday The new block currently has two wells in production and daily output is expected to reach a peak rate of 58,700 barrels … More »