The project is strategically located in the western Pearl River Mouth Basin and is expected to reach a daily production plateau of 11,200 barrels of oil equivalent by 2027.
CNOOC Limited has announced a significant milestone with the successful commencement of production at its Wenchang 16-2 Oilfield Development Project. The news, released on September 3, 2025, marks a key achievement for the company, as it continues to expand its domestic and international energy portfolio. The project, located in the western Pearl River Mouth Basin, is a testament to CNOOC’s commitment to leveraging existing infrastructure while integrating new, advanced technology to enhance operational efficiency.
The Wenchang 16-2 project, situated in waters with an average depth of approximately 150 meters, is designed to tap into the region's rich oil reserves. This strategic location allows the project to benefit from the established facilities of the neighboring Wenchang Oilfields, a move that optimizes resources and minimizes development costs. The core of the new development is a state-of-the-art jacket platform, which is a marvel of modern engineering. This multi-functional platform is equipped to handle a wide range of operations, including oil and gas production, offshore drilling and completion, and personnel accommodation, creating a self-sufficient hub for the project's activities.
A total of 15 development wells are scheduled to be commissioned as part of this ambitious project. This phased approach to well commissioning will allow CNOOC Limited to systematically ramp up production. The company anticipates that the project will hit its plateau production target of approximately 11,200 barrels of oil equivalent per day in 2027. This projected output will be a valuable addition to CNOOC’s overall production capacity, contributing to China's energy security and meeting the growing global demand for crude oil.
The oil extracted from the Wenchang 16-2 Oilfield is characterized as light crude. Light crude oil is highly sought after in the global market due to its lower density and viscosity, which makes it easier and more cost-effective to refine into high-demand products like gasoline, diesel, and jet fuel. This makes the Wenchang 16-2 project not only a volume-driver but also a high-value asset for CNOOC Limited.
CNOOC Limited holds a 100% interest in this project and is the sole operator. This complete ownership gives the company full control over the development and operational strategy, allowing for streamlined decision-making and efficient management. The company’s expertise in offshore exploration and production, combined with its total control over the project, bodes well for its successful long-term operation.
