on september 4, cnooc limited announced that wushi 17-2 oilfields development project has commenced production. the project is located in beibu gulf, with an average water depth of approximately 28 meters. the main production facilities include a new wellhead platform and an oil and gas processing terminal. a total of 43 development wells are planned to be commissioned, including 28 production wells, 14 water-injection wells and one appraisal and water source well. it is expected to achieve a peak production of approximately 9,900 barrels of oil equivalent per day in 2026. the oil property is light crude. cnooc limited holds 80% interest in this project and is the operator.
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