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CNOOC Guyana Yellowtail Project Commences Production
Recommend 10 Positive 11 Negative 5 |
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Yellowtail Project has commenced production safely ahead of schedule, according to CNOOC (00883.HK)'s announcement. The project is located in the Stabroek Block offshore Guyana, with water depth of 1,600-2,100 meters. The main production facilities include one floating production, storage and offloading (FPSO) unit and one subsea production system, with 26 production wells and 25 injection wells planned to be commissioned. This FPSO is the largest FPSO on the Stabroek Block, with a storage capacity of approx. 2 million barrels. The Liza Phase 1, Liza Phase 2 and Payara Project in Guyana's Stabroek Block have commenced production, with the block currently producing approx. 650,000 barrels of crude oil per day. The Yellowtail Project has a production capacity of 250,000 barrels per day, which will increase the installed production capacity of Stabroek Block to 900,000 barrels of crude oil per day. AASTOCKS Financial News Website: www.aastocks.com |
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