CNOOC Ltd has announced that the Liuhua 21-2 oilfield has started production ahead of schedule.
The Liuhua 21-2 oilfield is located in the eastern South China Sea, with water depth of about 437 metres. In addition to fully utilising the existing processing facilities, the project has also built a set of underwater production systems, with eight development wells planned in total. 
The project is expected to reach peak production of approximately 15,070 barrels of crude oil per day by 2023. The oilfield recovers associated gas through the light hydrocarbon recovery system to effectively reduce methane emissions.
CNOOC Limited holds 100% interest in the Liuhua 21-2 oilfield and acts as the operator. 
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