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The oilfield, located in eastern part of Bohai Sea and some 104 kilometers to the northwest of Qinhuangdao City in Hebei province, has 11 on-stream oil wells that have an estimated daily crude oil output of 11, 000 barrels.
According to the company announcement, the maximum production of the oilfield is to reach 13,000 barrels per day.
The oilfield is wholly owned by CNOOC Ltd., which also serves as the operator.
CNOOC Ltd announced its Q3 results on October 29. Despite an inc rease of crude oil output, the company suffered from a decline of reve nue because of lower crude oil prices on the international market. Its revenue reached 23.76 billion yuan and 56.81 billion yuan in the thir d quarter and the first three quarters respectively, down 23.05 percen t and 33.87 percent year on year.
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