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China creates new model for deepwater oil, gas extraction

China

China

China

China creates new model for deepwater oil, gas extraction

2024-09-17 22:23 Last Updated At:23:07

China has created a new model for deepwater oil and gas extraction which can greatly raise production efficiency and the recovery rate of reservoirs.

The new model involves a deepwater jacket structure that is responsible for the extraction of crude oil from the seabed, and a cylindrical floating oil-gas production, storage and offloading (FPSO) facility, which also supplies power for the former.

It is developed by China's largest offshore oil producer China National Offshore Oil Corporation (CNOOC) for the secondary development project of the Liuhua Oilfield in the Pearl River Mouth Basin, located about 240 kilometers southeast of Shenzhen City, which completed construction on Tuesday upon the delivery of Haikui No. 1, Asia's first cylindrical FPSO facility, and Haiji No. 2, the largest deepwater jacket structure in Asia.

"The drilling platform of Liuhua's deepwater jacket structure extracts crude oil, and after pretreatment, the crude oil will be sent to the cylindrical FPSO facility for processing, storage and transportation to other facilities. This extraction model can greatly raise the recovery rate and extend the production life of the oil field by nearly 30 years, providing a new option for the efficient development of deepwater oil and gas fields in China," said Yu Hongkun, a production manager of the oilfield.

The two large platforms and the oilfield's subsea production system are connected by seven different pipes and cables with a total length of 69 kilometers. They transmit not only oil, gas and water, but also photoelectric signals.

As lifelines for offshore oil and gas facilities, submarine pipes and cables are very hard to install, requiring extremely high techniques and equipment capabilities.

Moreover, the deep sea water pressure, unstable seabed and low rock strength in the sea area have multiplied the difficulty of the already challenging project, according to Wang Wei, a cable operation manager of the oilfield.

"The project team applied digital technology in high-precision calculations and simulations to design the structure of submarine pipes and cables and ensured that the structure perfectly matches with the simulation results. During operations, underwater robots were deployed to assist in laying down the pipes and cables, achieving centimeter-level accuracy in pipe and cable installation at a water depth of 324 meters. This is a globally leading accuracy in the field," Wang said.

With a weight of 37,000 tonnes and a height of nearly 30 stories, Haikui No. 1 has a maximum oil storage capacity of 60,000 tonnes, and it can operate continuously at sea for 15 years without returning to dock.

With a height of 428 meters and a weight of over 50,000 tonnes, the home-grown Haiji-2 jacket have set Asian records for structure height, weight, operational depth and construction speed.

China creates new model for deepwater oil, gas extraction

China creates new model for deepwater oil, gas extraction

Macao has been emerging as a global hub for conventions and exhibitions in recent years by exploring the enormous opportunities in the sector, driving the region to advance its economic diversification and embrace a brighter future.

Macao has received many awards this year, such as the Best Convention City (Asia) and the Best BT-MICE City, showcasing the recognition for and influence of Macao's exhibition industry.

More than 1,000 electronic game enthusiasts from all over the world gathered recently in Macao to participate in a esports themed event.

Su Zhili, organizer of the event, said that Macao's rich experience in hosting large-scale events, coupled with its good infrastructure, has driven him to choose the region as an ideal destination to hold such an activity.

"Macao has held many similar large-scale events. It has rich experience, and the facilities at the venue are relatively mature, so we can start our work comfortably," said Su.

During the first three quarters of 2024, Macao held more than 1,000 conferences and exhibitions in total.

"We will invite more professional, special conferences to be held in Macao and also cultivate more exhibition brands with international influence in Macao, so as to promote Macao's exhibitions to be more market-oriented, professional, international, digital and greener from various aspects. This is our goal," said Elaine Wong, member of the Macao Commerce and Investment Promotion Institute.

In addition, multiple large exhibitions and conferences, such as the Macao International Trade and Investment fair, the Macao Franchise Expo, and the International Infrastructure Investment and Construction Forum, are held regularly in Macao.

With the introduction of a series of policies and measures to facilitate the exchanges between the mainland and Macao, as well as the construction and development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Macao's convention and exhibition industry will embrace more opportunities for development in the foreseeable future.

"We have such a good industrial base in the Greater Bay Area. The mode of 'Convention and Exhibition + Industry' not only integrates the industries of Macao, but also the industries of the Greater Bay Area. In addition, Macao actively integrates into the national development and plays a role in the Belt and Road. Why are we so confident in Macao's convention and exhibition sector? Because it is backed by the motherland, and the country gives Macao great support," said Alan Ho, chairman of the Macao Association of Convention, Exhibition and Tourism Sectors.

Macao emerges as global hub for conventions and exhibitions, driving economic diversification and international recognition

Macao emerges as global hub for conventions and exhibitions, driving economic diversification and international recognition

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