BML 4.80 Decreased By ▼ -0.11 (-2.24%)
BOP 12.73 Decreased By ▼ -0.33 (-2.53%)
CNERGY 7.04 Decreased By ▼ -0.08 (-1.12%)
CPHL 83.40 Decreased By ▼ -1.25 (-1.48%)
DCL 13.24 Decreased By ▼ -0.48 (-3.5%)
DGKC 171.88 Decreased By ▼ -1.46 (-0.84%)
FCCL 46.29 Decreased By ▼ -0.31 (-0.67%)
FFL 15.63 Decreased By ▼ -0.07 (-0.45%)
GCIL 26.22 Decreased By ▼ -0.45 (-1.69%)
HUBC 148.65 Decreased By ▼ -1.74 (-1.16%)
KEL 5.31 Increased By ▲ 0.04 (0.76%)
KOSM 6.25 Decreased By ▼ -0.15 (-2.34%)
LOTCHEM 20.65 Decreased By ▼ -0.11 (-0.53%)
MLCF 84.10 Decreased By ▼ -1.34 (-1.57%)
NBP 125.00 Decreased By ▼ -3.85 (-2.99%)
PAEL 40.90 Decreased By ▼ -1.15 (-2.73%)
PIAHCLA 21.88 Decreased By ▼ -0.28 (-1.26%)
PIBTL 10.13 Increased By ▲ 0.04 (0.4%)
POWER 14.00 Increased By ▲ 0.06 (0.43%)
PPL 163.48 Decreased By ▼ -0.48 (-0.29%)
PREMA 41.35 Decreased By ▼ -0.63 (-1.5%)
PRL 32.14 Decreased By ▼ -0.68 (-2.07%)
PTC 22.85 Decreased By ▼ -0.71 (-3.01%)
SNGP 115.45 Decreased By ▼ -2.52 (-2.14%)
SSGC 44.15 Decreased By ▼ -1.10 (-2.43%)
TELE 7.74 Decreased By ▼ -0.26 (-3.25%)
TPLP 9.95 Decreased By ▼ -0.17 (-1.68%)
TREET 23.40 Decreased By ▼ -0.57 (-2.38%)
TRG 55.82 Decreased By ▼ -1.19 (-2.09%)
WTL 1.50 Decreased By ▼ -0.02 (-1.32%)
BR100 14,134 Decreased By -4.9 (-0.03%)
BR30 39,571 Decreased By -563.9 (-1.4%)
KSE100 138,597 Decreased By -68.1 (-0.05%)
KSE30 42,341 Decreased By -12.3 (-0.03%)

SINGAPORE: Chinese oil and gas major CNOOC Ltd's first wholly-owned deepwater natural gas field "Shenhai No.1" was pumping ahead of schedule at its designed peak rate, after it started production in June, state television reported on Thursday.

The gas field, also named Lingshui 17-2 that sits 1,500 meters below the sea surface in the South China Sea, was producing 10 million cubic metres a day, the report said.

Gas flowing in from 11 production wells are being pumped via a subsea pipeline to onshore receiving points in Hong Kong and south China's Guangdong province, before joining the national gas grid, the report added.

In full production, the field will be able to supply 3 billion cubic meters of gas a year, or roughly 1% of China's gas demand.

With proven reserves of 100 billion cubic meters and wells sunk 4,000 meters below the seabed, the project shored up confidence that China's energy majors possess the technical and operational acumen to fulfill their gas ambitions, Reuters reported in July.

Comments

Comments are closed.