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New CNOOC development project in South China Sea marks key offshore milestone

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      China

      China

      New CNOOC development project in South China Sea marks key offshore milestone

      2025-01-05 10:22 Last Updated At:10:37

      China National Offshore Oil Corporation (CNOOC) has officially launched its adjusted joint development project at the Panyu Oilfield in the South China Sea, marking a significant advancement in China's offshore oil production.

      Located about 200 kilometers southeast of Shenzhen, in the Pearl River Estuary Basin of south China's Guangdong Province, the project officially began production on Thursday, according to CNOOC.

      The development integrates a newly constructed Panyu 10-1 wellhead platform with the existing Panyu 10-2 platform, along with a new unmanned Panyu 11-12 platform.

      Together, these platforms will support 15 oil production wells across the Panyu 10-1, 10-2, and 11-12 oilfields. Once fully operational, the project is expected to produce nearly 2,000 tons of crude oil per day.

      "By leveraging intelligent technologies like power networking, 5G communication, and subsea pipeline and cable laying, we've established a multifunctional network that connects with the existing production facilities at the Panyu Oilfield, forming an intelligent oilfield cluster that integrates digitalization, automation and unmanned operations," said Wang Shengdong, general manager, Panyu Operations Company, CNOOC Shenzhen Branch.

      In particular, the Panyu 11-12 platform is the first of its kind in China to remotely develop offshore heavy oil fields using unmanned platforms.

      The platform can be operated under the "typhoon production mode," allowing for remote operation from land after evacuating offshore personnel during a typhoon. Using satellite transmission, this mode ensures minimal or no production downtime during adverse weather conditions.

      The Panyu 11-12 platform also integrates advanced systems for oil and gas separation, heating, and boosting, all of which can be controlled remotely from both the central platform and a land-based control center.

      Additionally, the platform has the capability to perform complex tasks, such as remote logging, well killing, and resuming production, making it a crucial innovation for improving both operational efficiency and safety in challenging offshore environments.

      New CNOOC development project in South China Sea marks key offshore milestone

      New CNOOC development project in South China Sea marks key offshore milestone

      Next Article

      China's software business revenue up 9.9 pct in first two months

      2025-04-03 13:05 Last Updated At:13:37

      In the first two months of 2025, China's software and information technology services industry maintained the momentum of sound development, with business revenue growing steadily, data from the Ministry of Industry and Information Technology showed on Wednesday.

      In the January-February period, the software business revenue reached 1.8965 trillion yuan (about 259.25 billion U.S. dollars), an increase of 9.9 percent year on year. The total profit of the software industry was 232.8 billion yuan (about 31.82 billion U.S. dollars), up 10.7 percent year on year.

      Specifically, in the first two months of this year, the country's software product revenue reached 425.3 billion yuan (about 58.14 billion U.S. dollars), an 8.3 percent increase compared to the same period last year.

      Information technology service revenue continued to achieve double-digit growth, totaling 1.2585 trillion yuan (about 172.04 billion U.S. dollars), up 10.3 percent year on year. Notably, cloud computing and big data services generated a combined revenue of 237.6 billion yuan (about 32.48 billion U.S. dollars), up 8.8 percent year on year.

      China's software business revenue up 9.9 pct in first two months

      China's software business revenue up 9.9 pct in first two months

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