Page 7 - AsianOil Week 37

AsianOil SOUTHEAST ASIA AsianOil

In order to help reach the government’s quarantine at the port of Maluku for 14 days and
2030 production target, upstream regula- quarantine when returning to Jakarta for 14 days
tor SKK Migas has launched several explo- [can be avoided],” said the regulator’s operations
ration initiatives. deputy, Julius Wiratno.
SKK Migas and Inpex have launched a sur- NV NMS Brilliance departed on Septem-
vey of the Abadi natural gas field in the offshore ber 13 and is scheduled to wrap up the survey
Masela block with the NV NMS Brilliance ship on October 9-10. Wiratno said this method of
that has been specifically planned so that it does surveying was actually cheaper than normal,
not have to dock at the port of Maluku, local “because the charter time for survey vessels can
news outlet Industry reported on September 17. be shortened”.
By avoiding putting in to shore, the ship’s However, the official noted that SKK Migas
crew have managed to avoid up to four weeks and Inpex had conducted a two-day virtual
in quarantine. inspection of the vessel before it set sail to
“Through this innovation, the survey can be ensure that it was ready to be at sea for such a
accelerated for 28 days, because going through prolonged period.™

EAST ASIA

CNOOC brings new shallow-

water oilfield on stream

PROJECTS & STATE-RUN CNOOC Ltd has started pro-
COMPANIES duction from the Nanbao 35-2 oilfield’s S1
area, which lies in the shallow waters offshore
eastern China.
CNOOC Ltd said on September 11 that it
intends to drill three development wells and
boost crude oil production to a peak of around
1,800 barrels per day (bpd) in 2021.
The company, which is the listed arm of
state-owned China National Offshore Oil Corp.
(CNOOC), owns 100% of the Nanbao 35-2 oil-
field. The S1 area’s production facilities include
an unmanned wellhead platform, which has
been tied back to Nanbao 35-2’s existing pro-
duction infrastructure. The project is located at
an average water depth of 17 metres.
CNOOC Ltd said at the start of the year it
aimed to bring on stream eight domestic projects to CNY75-85bn ($11.02-12.49bn), with the
as well as two overseas developments. majority of cuts targeting foreign ventures.
The domestic projects included the Penglai However, some reduction in domestic spend-
19-3 oilfield Block 4 adjustment/Penglai19-9 oil- ing and output is expected.
field phase II, Qinhuangdao 33-1 South oilfield The S1 area is understood to be the company’s
phase I, Bozhong 19-6 natural gas field pilot area, fourth Bohai project to be brought on stream this
Luda 16-3/21-2 joint development project, Nan- year, with reports suggesting that both drilling
bao 35-2 oilfield S1 area, Jinzhou 25-1 oilfield in the Bozhong 19-6 natural gas discovery and
6/11 area, Liuhua 29-1 gas field development construction of onshore facilities for the Jinzhou
project and Liuhua 16-2 oilfield/20-2 oilfield 25-1 oilfield 6/11 area are underway.
joint development. CNOOC Ltd is not the only state major to
CNOOC Ltd said in January that its pro- be favouring domestic projects over interna-
jected capital expenditure was CNY85-95bn tional assets, with both PetroChina and Sinopec
($12.49-13.95bn) and that it would drill 227 announcing similar capex cutting strategies. The
exploration wells and collect around 27,000 central government has called on the country’s
square km of 3D seismic data. The company oil and gas producers to boost output in order to
has since trimmed its planned capex by 11% safeguard the country’s energy security.™

Week 37 17•September•2020 www. NEWSBASE .com P7