CNOOC Limited Announces Qinhuangdao/ Caofeidian Onshore Power Project Commences Operation Successfully
This onshore power project is located in the mid-western
The onshore power project has built with two onshore high voltage switching stations and two offshore electric power platforms, with a designed power transmission capacity of 200MW. It is positioned to provide electric power to Qinhuangdao 32-6 oilfields, Caofeidian 11-1 oilfields, and Caofeidian 6-4 oilfields. The Qinhuangdao 32-6 facility capacity expansion project has been constructed with two simple oil-water processing platforms both of which rely on the electricity supply of the onshore power project to scale up a holistic oil extraction and capacity expansion by taking advantage of the onshore power grid. It is estimated that the daily increase in oil production will reach the peak in 2023, about 8,100 barrels, an increase of nearly 20% over the current level.
After the running the onshore power project, compared with self-generating electricity in the platform, the relevant oilfields are expected to save 85,900 tons of standard coal equivalents, reduce 4,000 tons of NOx emissions and 186,000 tons of CO2 emissions in peak years. It demonstrates remarkable energy saving and emission reduction effects, which marks a historic change in the power consumption mode of
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Notes to Editors:
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These statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate under the circumstances. However, whether actual results and developments will meet the expectations and predictions of the Company depends on a number of risks and uncertainties which could cause the actual results, performance and financial condition to differ materially from the Company's expectations, including but not limited to the Company and its controlling shareholder being listed in the list of the
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