The network of underwater pipes in China has reached a total length of 10,000 kilometers, CNOOC reported this week. The news was acclaimed by the media as a milestone in the development of oil and gas on the high seas in the largest importer of energy products in the world, since it seeks to change that state.
China has been working to increase its national oil and gas production, both on land and on the high seas, to reduce its dependence on imports, which, in crude oil, exceeded 12 million barrels a day at the beginning of the year. The milestone of the pipe network is part of those efforts, with a view to an energy transition, nothing less.
“It is planned that the total length of the underwater pipe exceeds 13,000 km by 2030, further strengthening the power transport network in the country,” CNOOC said in its report on the pipe network, as mentioned by the South China Morning Post. However, this network will not only be used to transport oil and natural gas. At some point it could be changed to things like hydrogen and shale gas, according to the SCMP report.
The densest part of the pipe network is located in the Gas and Gas producing region on China, in the Bohai Sea and more specifically in the Bohai Bay, according to CNOOC. The area contains 3,200 miles of pipes, said the oil and gas developer on the high seas.
It was at the Bohai Sea where CNOOC also recently launched a new project. Nicknamed Kenli 10-2, the field is the largest deposition of shallow waters on the coast of China. The project in the South Bohai Mar will see 79 development wells in charge, including 33 cold recovery wells, 24 thermal recovery wells, 21 water injection wells and 1 water source. CNOOC said that he expected the project to achieve a maximum production of approximately 19,400 barrels of oil equivalent per day in 2026. The oil in the tank is heavy crude.
Also this year, CNOOC announced a couple of new production companies at the South China Sea. In one of them, the Wenchang 16-2 oil field development project, the company plans to drill 15 production wells, for a maximum production of 11,200 barrels per day by 2027. The other recently initiated project was phase 2 of the Natural Gas Project No. 1 of deep waters in the South China Sea, increasing the internal production of 4.5 billion cubic meters per year. The project, the largest deep gas development in China to date, officially reached the total capacity on June 26, according to CNOOC officials.
CNOOC, who is the Beijing state energy student for the development of oil and gas on both in China and China, reported earlier this year that its net production of oil and gas by 2024 was approximately 720 million barrels of equivalent oil, which established a record record during the sixth consecutive year. He also reserved a gain jump of 11.4% by 2024, at $ 19 billion, at the back of the record production rate.
(Tagstotransilate) CNOOC
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